The economy has never really recovered since the 2007-2009 financial crisis
October 05, 2012
By Elliott Wave International
Several signs suggest economic contraction instead of expansion.
The first was recent front-page news: 8.1% August jobless rate. The number would have been higher, but it excludes people who gave up the job search.
The second is summed up by this Sept. 4 Bloomberg headline:
Food-Stamp Use Climbs to Record
Nearly one in seven Americans use food stamps. Before the downturn it was one in 10.
You can find the third sign at the other end of the income scale. Read more.