Someone linked this up in the weekend open thread, and I thought it was a pretty good summary of why I am not convinced that we are presently on the road to recovery, so I thought I’d share it here. Are We Living In Zero Hour Now?
If I tried to excerpt some of the post here, I probably wouldn’t do it justice. You should just go give it a read yourself, and see if afterward you still think that a 60% gain in the stock market means the economy is out of the storm.
To provide a little balance, here’s a more lighthearted take on the mess we’ve gotten ourselves into.