You hear it all around you. The U.S. economy is in recovery; stimulus efforts are finally paying off. The stock market is ripping and roaring and happy days are here again. But ignoring the headlines, the spin-doctoring and Fed jawboning and calmly looking at the facts reveals a different story than do the bubbleheads of the mainstream media.
Our first clue that something may in fact be amiss comes from the cheerleaders at the Fed. While most of us were still mistakenly writing “2003″ on our checks early in the year, the Fedheads were out in full force giving an unprecedented number of speeches (for such a short time period).