Compared to a year ago, Yankee factory orders are down 22.3%, truck sales are down 37%, corporate bankruptcies are up 48% and about 1/3 of the people in Yankeedom are experiencing clinical anxiety. If you were to ask the average person what that meant for the economy, they would say the economy is going south. But in the world of finance capital, Wall Street and in the classrooms of Yankee economic professors, these facts don’t mean anything. What matters for them is the stock market. And, believe it or not, the stock market is soaring.
Read in Zero Hedge