Economic Quote of the Day

From Sprott Asset Management:

"We are now in the early stages of a depression. The economic indicators we follow to track real economic activity are all signaling a slowdown of massive proportions. You wouldn’t know it reading the mainstream papers of course – they all focus on the relative decline in the slowdown’s intensity."

But that can't be! Rahm and Barack rescued the economy!

There are no positive indicators. There are some negative indicators that aren't as negative as they were six months ago, but they're still negative. Nothing is moving in the right direction. The $787 billion stimulus has been wasted and can only make things worse with massive inflation.

Fasten your seatbelts.