Below are a few charts detailing how the economy has recovered. If you like this post feel free to "Resteem" this post and follow me at "https://steemit.com/@cryptowallet"
Macys
Sears
Bitcoin
Ethereum
Deutsche Bank Stock
Monte Dei Paschi Stock
Food Stamps
US Workforce Participation
You are really cherry picking your data here.
Not quite sure why you chose those two "bricks and mortar" retail stocks when it's common knowledge that the traditional retailing sector is in decline. Look at the representative XRT retail ETF which is down 6.07% year to date (YTD). On the other hand - Amazon - which is eating everyone's lunch and is at all times highs. The online retail ETF IBUY is up 22% YTD. People are still buying stuff - it's just not from stores.
Furthermore, you chose possibly the worst two European banks as your examples. However, if you look at the European financial sector ETF EUFN - which includes major European banks - you'll see it's up 16.03% to date. Plus I'm not sure why you're using European banks to highlight the US economic woes anyway.
Also, I'm not disagreeing that the US economy is trouble free. The ever increasing debt bill and a growing reliance on social security (e.g. food stamps) is unsustainable. As such, I'd rather be in cryptos than fiat money even though I don't think a crash is coming in the short term.
However, I do think you need better examples to make your argument.
Steem on!
I dont see a recovery!!!!! By these charts
I think it's sarcasm. The way they lie to us is insulting
Same here everything but crypto has gone down...
Not recovery in sight, by cryptos and gold
That's what they would like us to believe
We must escape the fiat paper funny money
This makes me sad. I'm sorry to see this economy tank. Time to get off the grid. @ironshield
Sarcasm to perfection! There are many other examples I'm sure!
I also don't trust "official" unemployment numbers and other stats the government releases. They are exaggerated and falsified beyond belief. The true unemployment rate is likely about 20% but official numbers are something like 4%. It's so bogus - check out ShadowStats for realistic data! http://www.shadowstats.com/
Yep. Flying high. Whatever. The bigger they are the harder they fall. I have a suspicion everyone on Steem will survive as a remnant.
It reminds me of Odumbo's speech last year when he said the US economy was the best and most resilient in the world.
A bit like saying its the least skid marked underpants in the laundry pile.
Still shitty!
lol Nice!
That goes to show you not to trust anyone. They feed us that BS all the time and we accept it with no question. We are going done fast folks, i mean really fast.
I think they'd term anything a recovery as long as shtf didn't happen.
Yeees. Cryptocurrencies are the future :)
yep, it sure is recovering, lol
The world is about to crash. Here is what Martin Armstrong says what's coming and he's never wrong.
Martin Armstrong— ECONOMIC CONFIDENCE MODEL
From an economic viewpoint, the economy turned down Wed. Sep. 30, 2015 on a global scale coinciding with our Cycle of War on the international model.
We should see the economy turn downward into a steeper recession moving into Tue. Oct. 24, 2017, which is the next turning point on the Economic Confidence Model followed thereafter by Tue. Jun. 12, 2018. Caution is advisable for it appears we should see an overall recessionary trend emerge on a global scale this time.
The critical political target on our Pi Model will be Mon. Oct. 22, 2018, where typically important political events unfold. Overall, this economic decline should continue into the next low of the Economic Confidence Model which will be due on Sat. Jan. 18, 2020.
This does not mean the Stock Market is going to crash in fact Martin reports that the Dow will go to 30,000 and then 40,000 with some pullbacks along the way.
The problems ahead are what happened in Cyprus, closed banks, limited ATM withdrawals and governments unable to borrow which will result in major riots and shit.
Clif High reports on Bitcoin and Crypto in his recent interview, says 1 bitcoin will be $14,800 by Feb 2018
I get it now, I thought you were being serious for a few minutes. I had to read and read again.
Some fine recovery...
This post has been ranked within the top 50 most undervalued posts in the second half of Jun 06. We estimate that this post is undervalued by $24.26 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jun 06 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
The new economy has corrected, upwards, TO THE MOON!