Even through the recession, debts have continued to grow in real terms, as people have borrowed more to sustain their spending.

ECONOMIST: World economy

In real terms, spending would continue to grow, but at least the leviathan would start to be cut down to size.

ECONOMIST: An overdue debate begins on reforming Brazil's state

The economy is still creating around 1.2 million jobs in the past year, wages up 3 percent in real terms, and the total wage bill has continued to grow at a 5 percent pace.

FORBES: Brazil Central Banker Says Economy In Recovery

This election will change very little in real terms, the things that matter, like whether the U.S. economy can grow or will face a very real crisis and a true depression.

FORBES: Look At The Real Numbers, The Recession Never Ended