Doesn't feel like it yet. Tax receipts not recovering yet...
We don't know if we've hit bottom yet in tax receipts
Housing is not showing a typical V recovery.....
Banks aren't loaning...
On the positive side...sort of....State Tax receipts are a lagging indicator. Won't improve typically until after the economy improves....sometimes up to 2 years later...
Housing isn't still dropping....but could....
On the negative side....banks not loaning could be a deflationary sign.....in other words....Depression....like.... The money supply is shrinking in spite of all the printing....
for more information...Mike Mish
No comments:
Post a Comment