Wednesday, October 5, 2016

Slowest Recovery Since WWII -- CNN -- October 5, 2016

The story has been known and reported for quite some time.

The "news" is that CNN is reporting this, that this is the slowest US recovery since WWII.

Considering not much happened before WWII -- with regard to the market -- except the 1929 crash -- one could say this has been the slowest recovery in modern US history, perhaps in US history, despite Krugman's and Bernanke's gazillions in helicopter money. I assume the helicopter money was sucked up by ObamaCare, Solyndra et al, and wind farms.

But then CNN goes on to try to "claw back" the facts. The headline says it all; after that it's all Clinton News Network.

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The Apple Page

Now, even the replacement Samsun Galaxy Notes are catching on fire -- one on an airplane. From Macrumors:
Over the past few weeks, Samsung has been replacing recalled Galaxy Note 7 smartphones that have faulty exploding batteries with new devices, but an incident today suggests the South Korean company's smartphone woes aren't over.

A Southwest flight from Louisville to Baltimore was today evacuated just before it pulled out of the gate because a Samsung Galaxy Note 7 smartphone started smoking. While no one was injured, there is a serious problem -- the Galaxy Note 7 in question was a replacement device that had been deemed "safe" by Samsung.

According to The Verge, the owner of the Galaxy Note 7, Brian Green, had replaced his original Galaxy Note at an AT&T store on September 21. The smartphone had a green battery icon and box the device came in features a black square, both of which are indicators of a replacement Note 7.

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