Thursday, August 1, 2013
The Dow is is at 15,600 and thereabouts... the S&P 500 surpassed 1,700 for the first time ever... lots of soulless, greedy, evil people are quite happy today..
People always ask us how can this market keep rising when the real global economy is so weak?
And we try to give the most concise and simple examples we can.
Imagine if you can stomach it, the limp naughty part of a frail weak 80 year old man...
Now imagine that naughty part after ingesting heavy, heavy daily doses of Viagra...
There you have it... and with both the example and reality, you know its going to turn out very badly in the end..
Through the reliable rumor mill, the Fed is promising no QE tapering anytime soon..
Britain and the ECB is promising to continue 0.5% interest rates on loans to banks for the considerable future, and China 'miraculously' created positive economic stats behind the recesses of their secret society to show they're not in a continual slowdown...
Let's get this recovery party started!
Do you know who the #1 employer is in the United States?
Do you know who #2 is?
Kelly Services... a Temp Agency.
Did you know the US has lost over 56,000 manufacturing facilities since 2001 which constitutes 5 million less workers (from 17 mil to now 12 mil)
We could go on...
Were you aware that according to the Social Security Administration 40% of all workers in the United States make less than $20,000 a year.
No wonder house ownership among Americans is at an 18 year low..
But no worries.. thanks to vulture house flipper-investors and foreigners gobbling up US property as global investment and a means to funnel money out of their country, home prices keep on rising
Were you also aware that between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 declined by 27% after you account for inflation.
This means that whereas in 1969, most married women worked because they chose to i.e. optional, because of the weakening of salary and spike in cost for goods and services, pretty much all married women work because they have to
And if you're lucky to have a job, you must work 107 days a year to generate the income to pay your federal, state and local taxes..
One reason is the media reports all this (assuming they do report this truth) as statistical gobbledygook..
You're never supposed to react to news or given motivation to mobilize.. that goes specifically against FCC charter where TV and print media can not incite the populace to seek grievances.
TV watching including news is meant to be a passive activity
You put the lobster in, turn on the stove and gradually raise the heat so the crustacean has no clue he/she is ultimately going to Die and be eaten by others.. Just like us, the everyday person
But the major reason people take this shit is because so many of us are government supported. We live and subsist off handouts... Social Security, Disability, SSI, Unemployment, Welfare, Food Stamps, Medicare/Medicade...
There'd be soup kitchens with long lines, tent cities all across the nation and no one would give two figs about which celebrity said the word 'nigger', or social issues like who can marry who or who may enter our borders illegally...
The populace would demand 24/7 attention be paid to fixing the economy with immediate results or God help the person with the blase attitude who sat in that Oval Office...
There's a real disconnect not just here in the US but in most western nations. They are getting raked over the coals and seeing their quality of life severely reduced before their eyes and do so little to fight it..
We end with a quote from our 'favorite' douchebag Jim Cramer of that dying finance news network CNBC who once said regarding his investing buddies:
“We all know it’s going to end badly, but in the meantime we can make some money.”
Posted by Susquehanna at Thursday, August 01, 2013