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Tuesday, February 22, 2011

10 awful rationales for 'Recovery' & the Truth

~ "Hey did you hear the recession is over?   Hey... Hey..I'm talking to you!..  No respect.. I get no respect..."

I've said often that many financial articles are empty-optimistic.  That is to say, the articles say a lot of words but because it is all propaganda and lies, not a single thing of importance or value was actually written.

Found a good example of this on Yahoo! Financial, originally written by Kiplingers.com which is a financial investing website.  The article was entitled '10 Signs the Economy is on the Upswing'-  here were their reasons, and yes, they were serious...

Sales of Boxers, Briefs Leveling Off - "When it's tougher to find jobs, men wait longer to replace their underwear, and sales -- usually very stable -- fell nearly 2.5% in 2009. Now they've started to stabilize."

Desserts Are in Again - "The National Restaurant Association says more customers are splurging on the sweet endings again. That's a sign that they aren't as worried about losing their jobs."

Less Sorrowful Searching - "Internet searches for "unemployment benefits," "Social Security," "unemployment office" and the like spiked in July 2010 and has been trending down since."

The Venti Latte Makes a Comeback - "One of the first little luxuries that consumers find worth shelling out for when they start to feel more comfortable with the direction of the economy."

Box Rebound Reflects Rising Demand - "Higher prices for boxes and other shipping needs point to more consumption."

Fewer Urban Dwellers Are Hoofing It - "During recessions, more folks in cities resist the urge to hail a cab, opting to walk or take public transit... But in recent months, business has started looking up for cabbies."

Duffers Returning to the Greens - "As the economy picks up, golfers, good and bad, dust off their clubs and head back to the courses they shun during recessions."

Faces, Other Parts Getting a Lift - "American Society of Plastic Surgeons says the number of patients who chose to undergo the knife for a better look last year rose by more than 13 million."

More Willing to Play Their Hand - "Even gamblers get more risk-averse when the economy is in a slump... The house's take increased slightly last year and will head higher this year as consumer spending racks up about a 3% gain this year."

More Couples Are Calling It Quits - "Many divorce lawyers saying they've got more business than they can handle -- a backlog of pent-up demand. In part, that's because credit has started to loosen up."

~  Absolute Total Complete Bull-Bleep... No other way to say it folks...

Meanwhile on planet Earth---

Here's some signs the US Economy is Still in Horrible, horrible shape...

Illinois slashes ALL state funding for drug and alcohol abuse treatment in massive cuts program (DailyMail UK) -- "Tens of thousands of Illinois residents are expected to be affected when drug and alcohol treatment and prevention centres across the state have their budgets cut from March 15. The harsh budget cuts... will mean that from next month, all state funding will be cut.  After that date, only federal (national) Medicaid dollars will be available to fund the state's drug and alcohol treatment and prevention programmes, which means that some centres are facing closure."

Neither side budging in Wisconsin union fight (AP) -- "No resolution appeared imminent Monday to the stalemate over union rights in Wisconsin...(Governor) Walker's plan would allow unions representing most public employees to negotiate only for wage increases, not benefits or working condition... The plan would also require many public employees to cut their take home pay by about 8 percent by contributing more of their salaries toward their health insurance and retirement benefits"

Michigan orders DPS to make huge cuts (DetroitNews) -- "State education officials have ordered (Superintendent) Robert Bobb to immediately implement a financial restructuring plan that balances the district's books by closing half of its schools, swelling high school class sizes to 60 students and consolidating operations."

* DPS is Detroit public schools

Gasoline prices march higher  (Phila. Inquirer) -- "Gasoline prices at the pump rose over the weekend, and world crude oil prices surged today in the face of escalating Libyan violence, which has raised concern that oil supplies could be disrupted."

Fear of 'Catastrophic' Crash Rising Despite Bull Market (CNBC) -- "In an unprecedented move, the number of investors fearing a catastrophic stock market crash is rising even with the stock market at 2 ½ year highs.  The unusual dislocation comes from two distinct reasons: a lack of trust in the U.S. financial markets following the so-called Flash Crash last May and the collapse of Lehman Brothers in 2007."

~ You get the point...  If the economy Does improve, its not going to be because morons are celebrating getting divorced by buying more boxers and briefs to wear while playing 18 holes of golf, then engorging themselves on pastries and sweets at their local restaurant.

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