Basic physics of gravity tells us what goes up, ultimately must come down..
And yet when it comes to the economy and stock market, the US and the rest of the world do all they can to middle finger Sir Issac Newton..
And basic behavioral psychology tells us that there is no such reality as the 24 hour 'happy' state; that it is highly Abnormal to be in a constant state of glee especially when to get that way requires among other things a continual detachment from reality
For example, some people would argue the 6:30p nightly news is depressing and full of fear and tension..
But is it really?
Take the deeply evil ISIS -- those evil scum are scary and horrid but the media depicts them as 'over there' wherever "there" is; some safe distance from our daily every-day world and problems
And everyone does everything they can to minimize it like they did AIDS in the 1980s..
"You can't get it simply by being in contact with another.. Its not airborne... You have to share bodily fluids like saliva or semen or share needles.."
See.. Ebola is really nothing to worry about..
Don't Worry.. Be Happy..
~ "There There.. (pat-pat-pat).. There There.."
There are some people who complain the US is a 'nanny state' and from an economic perspective, we disagree
From an emotional perspective, yes we are one.
We constantly need government as nanny or 'mammy' to pull us to her big ample bosom whenever we're frightened so we can figuratively close our eyes and suckle while told "Shh now.. Everythin' is al' right chil'"
And we really don't want to ask questions.. Just tell us something, make it believable and sound convincing..
Really no different than someone finding out their spouse was cheating on them..
And the victim speaks through word or action, 'Tell me lies.. Tell me sweet little lies' and any dirty dick-dipping dog responds with a splattering of "I love you's" and now the placebo salve is applied to the wound
They don't want to know or hear that prior to the recession-depression, 63% of all working age Americans held a job and six years later, its 59% and that percentage has been unchanged for 4 years now..
They just want to hear "recovery"
They don't want to know or hear the labor force participation rate has now fallen to a 36 year low (1978), a sign of a very, very sick economy...
They just want to hear "recovery"
In 2008, the American people willingly and happily accepted the government spending $700 billion on something called 'TARP' because we were told this would restore confidence in the economy and save this wonderful country from ruin..
Nope.. too scary to ask.. Just close eyes and 'trust'..
Every piece of bullshit that came out of the mouth of Bush and Obama and their Treasury Secretaries on the economy, most everyone embraced because it was positive and the voice was soothing..
Few to none ever heard of the Fed, much less know what it does so 'QE' sounded like some abbreviation among literary nerds..
But we will..
If/when the market crashes for real like it should have years ago, everyone will be in a big tizzy over what will happen to their measly bank accounts and unexceptional investment portfolios..
And they will happily celebrate the government spending more trillions upon trillions to protect their couple hundred dollars in the checking account..
Its just how people are..
"Don't worry, Be Happy"..
Perhaps that should be stamped on our currency instead of "In God we Trust"
~ You're not that far off grumpy cat..