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Monday, June 29, 2009

Minding Mister Market

Analysts claim that the stock market is getting better - with green shoots and an economic recovery. However, the truth is that sales are falling and people are losing their jobs.

OK now we need to compare apples to apples. Back in 1987 the stock market fell and later did recover. It was a scary moment, but we did not have major big biz, like GM going under, or AIG needing over 100 billion in bailouts.

Please compare now to the great depression. States are running out of money. Look at California, this situation is strangely similar to what too place during the 1930's great depression when teachers were not paid because states had no money.

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