Despite the fact that politicians and the establishment media tell us we are coming out of the recession and the worst is behind us, there seems to be more bad news for the U.S. economy every day.  

The Daily Telegraph is reporting that "[i]nvestors are braced for a further sell-off in US Treasuries after dramatic moves last week raised fears that the surfeit of US government debt is starting to saturate bond markets...Looming over everything is the worry that markets will not be able to absorb the glut of US debt as the Fed winds down its policy of bond purchases, starting with an exit from mortgage-backed securities. It currently holds a quarter of the $5 trillion of the MBS market. "

CNN Money is reporting that "primarily due to aggressively accommodative monetary policy in the United States and around the globe, we believe inflation is here, and poised to accelerate as all the slack in global economies begins to tighten. Measures of inflation for major nations around the globe give support to our conclusions: most of the G20 nations are reporting higher than normal inflation rates."

And...

Bloomberg is reporting that "Companies in the U.S. unexpectedly cut payrolls in March, according to data from a private report based on payrolls." 

Unfortunately, my friends, the worst is not over.