No indicators are good

If I started excerpting from "John Williams: The Recovery Is An Illusion," I would hardly know where to start. It's not a short piece, but since it's crammed with extremely informative charts you can get through it fairly quickly. It is as comprehensive an overview of what is happening economically and what it portends as any I have seen for quite awhile.

I'm embedding it below, but it may not work. The frame should be wide enough to center all the post's text.

A narrower view of what all this might mean for the markets is here.