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The Wall Street Journal ran this graphic yesterday. Anyone who is banking on consumers to continue spending as they have is out of their mind.

The One Chart That Proves We're Not in a "Recovery" | Zero Hedge


This Woman Just Explained Economics In A Nutshell. And It's So True It Hurts.

The economy illustrated.

Now that's what is called increasing worker efficiency!

The number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979!

As the following image from Spiegel summarizes, three things will happen simultaneously when the unthinkable finally occurs: i) economic output plummets, ii) unemployment rate soars, and iii) consumer prices explode. Of course, this is nothing but merely deferred consequences for Europe partying for over a decade under an unsustainable regime that borrowed from the future (sound familiar?). And now the inevitable hangover. In other words: payback is a bitch.

Putting America's Tax Hike In Perspective | ZeroHedge

Putting America's Tax Hike In Perspective | ZeroHedge

Who uses the euro and who is a member of the European Union?

Great graphic from the NYT about who pays how much in what taxes: