In What will the economic recovery build upon?, the Economic Populist has posted a very thorough piece with charts showing why we don’t have a real recovery – just data clouded by expiring government programs.  Many of the programs, like Cash for clunkers and the $8000 for first time home buyers, will soon represent more debts which are past due.  Well worth the read.

In a related piece over at Commodity Bull Market, the parallels between what the markets, the FED and the president said in 1930 and what has recently been said is provided.  The similarities are scary.