Numbers don't lie, but liars fudge the numbers
We're enjoying a slow but steady economic recovery in the US? Inflation is lurking around the corner?
Unemployment figures (5.5% currently?) are a sick joke; the calculations are rigged to avoid embarrassment to any Administration currently in office. Try 18+% for a more realistic figure.
It's commonly accepted that worker's wages have been stagnant for 30-plus years; millions of higher-paying skills jobs have been off-shored, and workers compete desperately for low-wage service sector jobs.
Skills training and higher education are no longer affordable for working-class families; student debt (a government-guaranteed gift to the banks) is over the $-trillion mark and rising; hundreds of thousands of college-educated debtors are deferring home and other lifetime investments.
Federal budgets continue to be slashed. The formerly "unthinkable" sequester cuts remain in full force. Politically-corrupt massive tax cuts for America's investor class erode federal and state budget options.
Infrastructure build by our grandfathers is wearing out and failing; estimates put back-logged repair and replacement at well over $2 Trillion. The President and Congress have no will to address the problem.
The US is plunging ahead with disastrous world-wide trade agreements that will severely and negatively impact all the points above, by accelerating the loss of jobs and further suppressing working-class wages, further eroding consumer spending and tax payments.
Cost of living indexes ignore real costs of living. The formula is rigged to avoid COL formula-based payouts and adjustments. Fuel, housing, food, health care ... all have risen sharply and continue to rise.
Retirement in the US is becoming a slow-motion train wreck. Corporations and government have shifted the burden to the worker, with investment schemes (401k, etc.) that are another gift to Wall Street bankers. Social Security is under attack. People are approaching their 60s and 70s and being forced to compete with their grand-children for service jobs to survive. This will be a rapidly accelerating social cataclysm.
The so-called "inequality gap" is real and increasing. The wealthy can go wherever the living suits them; the former middle class, forced into poverty, is trapped.
So ... in all of this, where is the reality-based recovery? The next round of inflation ... when it comes ... will see America descend deeper into oligarchy, followed by kleptocracy.
Please explain that theory of QE again. I can't quite see it through the fog of day-to-day living down here among the masses.