zerohedge.com / By Tyler Durden / 01/24/2013 09:22
If there was any debate whether the Fed’s policies have helped the economy or just the market (and specifically the Bernanke-targeted Russell 2000), the following two charts will end any and all debate. As the following chart from the St Louis Fed shows, as of the just completed quarter, US GDP “growth” since the “recovery” is now the worst in US history, having just dipped below the heretofore lowest on record.
A slightly prettier version of the same chart created by JPM’s Michael Cembalest, is presented below:
But fear not: it is only the worst recovery ever for anyone unlucky enough to still rely on such Old Normal concepts as the “economy” to feed, clothe and provide shelter for themselves.
For those lucky 1% of the US population whose entire wealth is in financial assets (and who once again managed to avoid a tax hike on carried interest or any actual financial assets), times have almost never been so good.