Friday, October 16, 2009

Economic Signs Point to …. Confusion?

Markets are up.  Right?  So what’s the big deal?  The news says the “recession” is over.  We can all move along now.  Get back to work.  Stop your complaining.  No more layoffs, foreclosures, closings, none of that.  That’s all over now.  Things are… umm, well…

Unemployment is approaching 10 percent.  And that’s not counting those that dropped off the end when their benefits expired.  Even after several extensions.  Some folks are just not going to find another job.

The federal deficit is at a RECORD HIGH by the way.  In other words, the U.S. government owes more money to debtors than it EVER has in history.

Yet everything is fine.  No worries.  Go back to work.

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