Archive for April 18th, 2009

Not The Beginning of Economic Recovery

Saturday, April 18th, 2009

On Friday, many stock market pundits were whooping up the glory of a market that has made gains for six weeks running… even though the final count on Friday included a Dow Jones Industrials Average that was up less than 6 points after such erratic trading that one stock market daytrader commented that they felt ’seasick’.

Never mind that the Great Depression was heralded in by just such a run-up. Never mind that we are in the throws of dire economic circumstances where, if you carefully read the official Bureau of Labor Statistics reports, our unemployment is more like 20 percent, rather the 8 or 10 that is generally acknowledged by the media.

As a nation, we are sinking into what closely parallels clinical shock in a person’s body.

When a person has a serious trauma inflicted on their body, like an auto accident or a bullet wound, it is not uncommon for them to regain consciousness and not realize they have been severely compromised.

They are in the two-edged state of shock.
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