A few months ago it became trendy to refer to nationalization of banks as "pre-privatization." Now, from Mike "Mish" Shedlock, I learn that someone has declared the economy to be in the "pre-recovery" stage.

I suppose by this reasoning the current U.S. wars are "pre-victory," statements from the Administration are "pre-truthful," and of course the U.S. as a whole is in a state of "pre-freedom."

Someone call me when we're post-bullshit.