Fake

Economy?

Chart by Karl Denniger market-ticker.org 

Below 

Denniger has it nailed!

We have in fact been in a "no more than 2% economy with most years deeply negative" since 2000 and in fact it is much worse than it seems because the population expands about 1% a year and thus on a per-person -- that is, per-capita basis -- you must subtract about another 1% from all of those numbers to get to economic activity per person. There has been no recovery since 2008.  We have been in a factual economic recession since and the "recovery" since 2000 was essentially non-existent as well.  Period.  Likewise the "employment" numbers are gamed; they do not count you as "unemployed" if you're not actively looking for work.  In 2007 there were 78 million people "not in the labor force" and thus not counted.  Last month there were nearly 96 million such people and not one of them counts as being "unemployed"; the employment: population ratio remains two full percent below 2007 levels and four percent below the levels of 2000.

DYI:  Any wonder why so many Millennials and now early Cyber’s [generation Z] remain living at home with Mom & Dad.  Housing costs are all jack up for rents or the cost of purchasing a home.  Add on a torrid amount of student loans and a vehicle purchase they are tap out!  Economy as a whole hasn’t produced positive GDP on balance since the year 2000!

Eventually the market or as Benjamin Graham coined the term Mr. Market confidence will be shaken tumbling down the price of stocks and corporate bonds especially high yielding junk.  When?  Don’t know!  However it appears that September 20, 2018 was the high for the S&P 500.  So far the stock market has not broken above that level.  All one can say at this point the long awaited downturn is now sooner than later.

 DYI