Leg 2 Drops in the Super iDepression Recession Today

Chicago PMI dipped into contraction, printing at 49.7 on expectation of 52.8. But Obama said...confidence is up! No...prices are up, wages are down 8% and employment is flat.

Welcome to Stagflation and recession in the Obama Super iDepression! So we're back to where the recovery began. Pink slips are coming to millions, on top of 20 million under/unemployed in the US now.

The company I work for is already starting to let people go this week. In the next few months more and more companies will fire people. Obviously, Obama wants the layoffs to come after the election. How will this all play out? How bad will it get? I don't know. But these clearly wasn't much of a recovery in 2009 so we're going to go into recession that never cleared. Bernanke's magic was weak and ineffective. We're in uncharted territory from here on.