Mark Gongloff — Why Half Of America Incorrectly Thinks We're In A Recession

The Great Recession ended more than five years ago, but good luck trying to convince many Americans of that.Nearly half of all Americans, 49 percent, think the recession never ended, according to a new NBC/Wall Street Journal poll. And that number actually represents progress, since 57 percent felt that way in March. In fact, many polls have consistently shown that most Americans have long thought the recession, which officially ended in June 2009, is still ongoing.The new NBC/WSJ poll has a chart that helps illustrate why this might be: Despiterecord levels of hiring and record highs in the stock market, huge numbers of people say they're still feeling the recession's effects. Here's the poll data:

Summary: It's the capital share v. the labor share.

The Huffington Post
Why Half Of America Incorrectly Thinks We're In A Recession
Mark Gongloff

Lord Keynes — Davis on US Recessions in the 19th Century

Dates of recessions. Lots of recessions.

Social Democracy For The 21St Century
Davis on US Recessions in the 19th Century
Lord Keynes

Weak jobs report, US economy could be in trouble, outlook for euro grows bleak

Today's jobs report was a pretty bad one. Nonfarm payroll employment rose by only 120,000 in March, which was less than half the rate of the prior three months. The unemployment rate remained at 8.2%. The average workweek for all employees on private nonfarm payrolls edged down by 0.1 hour to 34.5 hours in March.

Expectations had been for a gain of 205k. This is a terrible report and it will put a lot of pressure on Obama and deservedly so. He has bought into all the deficit hysteria being promulgated by the Debt Terrorists.

The stock market had been looking highly speculative lately, with data not corroborating the sharp advance. Indeed, a broad range of numbers out of the economy had been weakening. This is a further sign that the economy is in trouble.

All this was predicted in my 2012 Yearly Outlook. It's the only MMT-based economic forecast out there. You can still get it and read the rest of my predictions on stocks, bonds, gold, commodities and the dollar! (Get it here.)

Outlook for the euro now looks increasingly precarious. A slowdown in economic activity in the U.S. and even the prospect of recession, will put huge economic strains on Europe. The euro could slide sharply. This could be a great time to short the euro. Get the skills you need to trade Forex with my upcoming Forex Trading Boot Camp, Apr 15-17!