Closing Bell: The recession is still over, still... do you feel it?

Anyone who believes the recession is over is delusional. As long as unemployment remains high, there will be no real growth in economic activity. The only reason the numbers look good now is due to the government throwing around all that cash. That gravy train is ending, so reality is about to come crashing down on the economy. Plus, there is a crash coming in commercial real estate.

The only way to have real recovery is for the government to stop spending and printing money and to drastically cut taxes. Don't look for the Democrats to do this. It would seem they want the economy to crash, because the masses then call for more government. We are witnessing the end of the USA as we knew it. We will soon all be equally poor.

From a jobs perspective, it surely does not feel like the recession is over, but even when stocks go nowhere, like to today, there were tons of new 52 week highs for sp500 members and zero new lows.

http://www.empirasign.com/free-reports/us-equities/new-52-week-highs-and-lows/

You can see the new highs as they happen (among other things like fx and interest rate moves) at our twitter feed:
twitter.com/empirasign

From central Texas where things are supposed to be good, it is extremely bad.

Bottom line 3 million jobs and 30 million applicants and the corporations have quit investing in America per this graph I made yesterday analyzing the latest GDP numbers

http://keepamericaatwork.com/?p=5347

Regards,

Virgil
http://www.KeepAmericaAtWork.com