Four Charts Prove The ‘Economic Recovery’ Is Just A Fed-Induced Entitlement Program For The Wealthy

“Economic recovery” in America no longer means what it used to mean. Historically “economic recovery” was largely characterized by job and wage growth, distributed across the income spectrum, and a rebound in GDP growth to north of ~3%-5%. These days, the notion of “economic recovery” has been hijacked by the Fed and bastardized in such a way that they celebrate “asset bubbles” rather than real growth in economic output.
Presented as ‘exhibit A’, here is the Fed’s modern-day definition of “economic recovery” (chart per Bloomberg):

This post was published at Zero Hedge on Dec 15, 2017.

 

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