Recovery? Which Recovery?

I have enough of hearing of the recovery. First we had the green shoots, then we had the nascent recovery, and now, we have the 2 year recovery. ENOUGH!

We are in the midst of the Greater Depression, and nobody seems to realize it. That's the beauty of sentiment, rationalization and hope created by the human brain. Living in a dream world doesn't make it real.

Let's see the state of this magnificent, V-Shaped recovery in a few charts and quotes:

Home Prices in 20 U.S. Cities Decline to Eight-Year Low, Case-Shiller Says
May 31 (Bloomberg) -- Home prices in 20 U.S. cities dropped in March to the lowest level since 2003, showing housing remains mired in a slump almost two years into the economic recovery.

The S&P/Case-Shiller index of property values in 20 cities fell 3.6 percent from March 2010, the biggest year-over-year decline since November 2009, the group said today in New York. At 138.16, the gauge was the weakest since March 2003.

Mortgage Delinquencies by Loan Type — This Chart is PRIME mortgages

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