"No matter how paranoid or conspiracy-minded you are, what the government is actually doing is worse than you imagine." - - - William Blum

May 19, 2009

Here's another indicator showing why the recession is still getting worse:

[click for larger image]

Increased delinquencies leads to increased defaults leading to increased bankruptcies, leading to increased unemployment and business failures, leading to increased delinquencies, leading to increased defaults.... etc. It's a vicious, spiraling cycle. If you're just lookng at the stock market for signs of a recession recovery, well, you're just going to get fooled again.

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