Government's view of the economy

Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it

Ronald Reagan

Check out the Big Picture for straightforward economic opinion.  A recent sample is discussion on Squawk Box with David Rosenberg.

Green Shoots was unsubstantiated nonsense;

Unemployment Rate will rise considerably higher; this will be the “mother of all jobless recoveries.”

The rise from the 666 lows was the mother of all oversold bounces due to multiple expansion, not profit gains;

The S&P5009 is likely to have earnings of a modest $50 over the next 4 quarters;

Unemployment is usually a lagging indicator when we are dealing with an inventory or manufacturing recession; During a credit crisis recession, Unemployment is a coincident indicator cycling back into the economy in a negative way;

We are going through a massive consumer deleveraging

The Consumer is not going to save the economy anytime soon.

http://www.ritholtz.com/blog/2009/07/dropping-the-truth-on-squawk/