I thought the economy turned around. Didn’t we get that impression during the election? When you wondered how fewer jobs equaled lower unemployment, you were told that you were being too negative. Now we know the economy shrank ever so slightly or at least did not grow in the last quarter, and now unemployment is inching back up. Part of the shrinkage was the fact manufacturers did not build more inventory for Christmas but sold it off because they did not have confidence in the economy. If that were not true, the economy would have had very tepid growth.
What is clear is that America is stuck in a Japan lost decade scenario with little hope of recovery anytime soon. High Debt and more regulations equal slow growth where ever it is tried.