re: #373 albusteve

our recovery is a sham, dependent, in the end, on gas prices…I’ve predicted a second collapse for two years now and I still believe it’s coming

Dude, we hadn’t even come out of the first collapse two years ago! :)

I’d say that the recovery isn’t a sham, per se, I think the better word is ‘fragile’. Increase in customer spending and demand and production is up. And companies are starting to feel that hiring and investment in infrastructure is better than sitting on piles of cash. So in that sense, the recovery is real.

It’s just that there’s still a lot of slack in the system, and it wouldn’t take much for the recovery to be derailed in very unpleasant ways.