Wednesday, February 1, 2012

More Positive Economic Data Indicates Bernanke's Manipulated Recovery is Well Underway

A report from ADP and Macroeconomic Advisors, reports that 170,000 new jobs were created in January.

Chrysler Group reported a 44 percent gain in U.S. auto sales in January.  Volkswagen sales rose 48 percent.

The Bernanke money print is clearly impacting the economy. Next comes the price inflation.


  1. Straight from the Scarface playbook:

    First you print the money
    Then you get the jobs
    Then come the price inflation

    1. Speaking of auto sales, I have been in the market for a new car. Every car dealer, and I mean every, has offered me a brand new car, "no money down, no interest, take the car home right now", sales pitch. On many occasions I have overheard the car salesman talking to buyers who are "underwater" on their previous auto loan (the car being worth less than the loan) and they are there to buy a new car. The only recovery that I see is the miraculous recovery of "free" money and it's host, the subprime buyer.