One could even go so far as to say that there are a number of factors indicating anything but a recovery. A large portion of the population is underemployed and shackled to an overwhelming amount of student loan debt - debt that will siphon liquidity from the markets as well as from the individuals.
The bombing at the Boston Marathon, the first large-scale attack on U.S. soil since Sept. 11, 2001, was clearly another terrorist attack. So why wasn't it labeled as such by President Obama in his first public remarks from the White House?
It’s breathtaking how we are being lied to about unemployment specifically, and the economy in general. Just Friday we learned unemployment is down to 7.7% with the miraculous addition of over 200,000 jobs. The media was instantly celebrating great news. But is it actually great news?
Bob Costas, just a few days after giving a cultural soliloquy during a halftime break regarding the murder/suicide of Kansas City Chiefs linebacker Jovan Belcher, and the need to eradicate our society from guns, has managed to continue his elitist climb, claiming that the "audience" is to blame for the follow-up brouhaha about his comments.
Like a good elitist, Costas is blaming his audience.
This is the third time since 2009 that the Fed has engaged in a radical maneuver to stimulate growth in the economy. Except it never works. All it does is devalue the money that you have, and artificially inflate the prices of hard assets you own.
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