Normally when I look at economic statistics I temper my opinions my saying to myself- "ok-big deal- everybody knows this, where's the edge" I agree with your conclusions as they are inescapeable, and yet it seems that the big money has decided to completely ignore the elephant in the room- ie: that we never recovered and are still in a recession- a unique kind to be sure.
Bear, either we are now seeing the last bad econ stat's and you and I are just late to see it, or this is shaping up to end very badly. KSS and others just blow my mind. Can you imagine if the public knew what these MuFu guys were doing with their money?