Great comment on the confusing economic data from Bill Bonner

 What’s the real story?

The real story is that we’re in a Great Correction. But it is one that is having a hard time expressing itself. Every time it opens its mouth, the feds come along with duct tape.

The Great Correction wants to tell the truth – that there’s too much debt in the system; that most of today’s ‘growth’ is phony, and that bad debt needs to be erased. The feds want to shut it up... they want to lend more money... and pretend the problem will go away.

As a result, the ‘news’ we get is garbled... unclear. We have to listen hard to figure out what it really means.