Three different things...................from Rico

Three different things that mean the same things.

- There is NO "recovery"

- There is a "pattern"

- It doesn't look good"

 

1. The labor force participation rate and the notional value of bonds/equities have inverted. Some would call it a death cross....especially the 'uncounted' unemployed.

 

2. New orders for consumer goods has fallen and it can't get up. If you don't have a job or diposable income, you aren't a consumer.

 

3. Margin debt? Decide for yourself, but buying overpriced-overvalued equities on margin (credit) is going to increase the pain ahead and it won't make you rich.

 

Now about that "recovery".............