1 March 2013, by Tyler Durden (Zero Hedge)
While not according to official government statistics (yet), which we have come to trust so Pavlovian-ly, TrimTab's CEO Charles Biderman notes that based on what is important - the growth (or lack thereof) of real-time wages and salaries,
the US economy has slowed enough to enter into recession.
Following December's aberrant jumps thanks to tax hike concerns, after-tax wages and salaries (net of inflation) have been shrinking year-over-year since the second week in January.
But it gets better, withheld income and employment taxes have been running about 8.3% higher year-over-year.
While retail is being told to buy-buy-buy, Biderman exclaims that "insiders at U.S. companies have bought the least amount of shares in any one month,"
and that the ratio of
insider selling to buying is now 50-to-1 - a monthly record.
"
So far the mass delusion is holding."
Watch Vid https://www.youtube.com/watch?v=MumceymkX4o