Naturally, Wall Street Just LOVES It

when masses of people are out of work, and it makes sense in a way. More people out of work means more profits for big business, even though in the end if people aren't buying anything because they have no money, executives in businesses will find out THEY and their companies have no money.

The biggest problem with our financial elites is they can't think beyond the next balance sheet or quarterly statement.

Whoop Dee Doo

So the stock market "shoots up" in an adrenaline rush because of jobless claims going down and "productivity" going up.

It doesn't mean shit when few outfits are hiring, and, when they do, ask for 3-5 years experience doing a job a chimpanzee can do with its eyes closed.

Until unemployment is down drastically, there is NO "recovery."

This is all happy talk anyway in order to build up consumer confidence.

This is Why I Haven't Been Doing Much Blogging

as of late:

The Dow Jones Industrial Average closed down 4.24 percent and the S&P 500 fell by 4.66 percent Monday, following stock market plunges in Europe and Asia. The selloff continues a major fall in equity prices as the world enters a period of depression.

Every time I watch or read the news, it's more bad news on the economy front. I don't know if I can stand much more of it.

In my gut I feel this thing can be turned around, but my belief is the biggest enemy to changing the dire situation is our elected officials in Congress. They know what they need to do, but they don't have the will to do it for fear of alienating their wealthy backers.

The Booming Economy

The economy is doing awful, and it could get worse.

But the stock market is doing okay.

More Booming Economy

Wait just a minute, isn't this the despised socialism?
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Wall Street continues to head south.

I remember years ago a co-worker telling me about her ex-husband burying his money in his backyard because he didn't trust banks. I wonder if he did have a point after all.
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The Booming Economy

Panic has gripped the world markets, and they continue to be scared shitless.

The stock market is as flat as a pancake.

The Booming Economy

Stocks go right back into the crapper.
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eBay--1,000 jobs expected to be cut.
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The Booming Economy

According to a noted dry drunk, Wall Street got drunk and now has a hangover.

U.S. Stocks

take a dive.