Spin won't work...

Yves delves into another example of how the MM (bloomberg in this case) is being used to spin economic news.  Spin won't work.  Debt is still 375% of GDP and climbing.  Housing prices are still falling due to a lack of buyers.  Credit is still tight due to more stringent lending requirements.  It's a farce.  

I expect that the spin economy will break down after labor day (it's the first event post the summer stasis).