I listen to all the Wall Street Squawk boxes in addition to the mainstream news and all the other sources. They are all twisting themselves into summersaults trying to interpret what all the numbers mean.
I think all the mainstream numbers are a lie and that the problems facing our economy are far worse than 75% of people can appreciate. Part of this analysis comes from reading and listening to academic journals and non-partisan sources, but the most important analysis comes from what I see around me.
Our economy is not just in a temporary tailspin, our economy has crumbled at its core because we have failed to replace the industry and jobs that have been shipped offshore.
The stock market may be up (although I think much of that is a fraud and a lie), but much of the alleged health is based on sales and profits from multinational corporations made abroad. In short, while the “profits” may be booked here and counted on Wall Street, these “profits” and the “health” of Wall Street are not reality…they are a fraud and a fiction.
If we do not make anything in America, we cannot make mortgage payments in America.
