The word recovery entered English print by the mid 1300s meaning return to health and taken around 1300 from the Anglo-French recoverie, in turn from the Old French recovree meaning remedy, cure, recovery.
When English speakers attach ~ing to a verb, doing so denotes the result, the product, the action of that verb. The recover entered English about 1300 meaning to regain consciousness. The word came into English from the Anglo-French rekeverer.
So there is a big difference between recovering, which is movement toward a state of stable, good health and recovery, which is the state of health after fully having recovered, that is, after recovering has been done.
President Obama, former Federal Reserve chairman Ben Bernanke, current chairman Janet Yellen, a revolving door of Obama lackey spokesmen and a countless mainstream media parrots all told you that recovery. Lying is a quite unmanly trait. When adults lie, they reveal themselves to be quite effeminate.
All my faithful readers haven known that no recovery happened and no recovering has happened. True GDP, that is GDP in True Dollars™ has fallen every quarter save a few since peak true GDP of Q4 2007.
It seems though that many doubt my True Dollars method. No one should.
Already, in EINSTEIN , E=MC² AND MYSELF PROVE THE GREATEST DEPRESSION I have shown you that no recovery happened. And now I show you with one chart that no recovery has happened. Per capita steel production fails to reveal any recovery.
And while quarterly GDP is up for a change, this time, an anemic 0.5%, don't expect that number to hold after the BEA minions revise the numbers.
And there is USA GDP in True Dollars. There hasn't been recovering to recovery precisely because bank credit has been falling for a long time.
I am thoroughly confident in my True Dollars method. If real lives weren't so hurt by all of the political lying, I would sit here and laugh at the liars.