The Recovery Ship Has Sailed

“Today is Day 1 of Year 7 of the ‘recovery’, and yet economists everywhere proclaims 3% growth is just around the corner,” rages Jim Bianco as he addresses what ‘bugs him’, exclaiming “that ship has sailed.” Bianco and Santelli go on to slay Keynesian big government dragons and the incessant bullshit from officials like Jack Lew who opine on Greece and other potential systemic risks as being a non-event – “what is priced in is that everything will work itself out at the 11th hour,” leaving a huge asymmetric risk.

Well worth the price of admission…

Source: Zero Hedge

 

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