The European markets are up slightly this morning and one can only assume this is due to ‘bargain hunting’ after two days of plunging share values, which is likely to be repeated here in the US, isn’t it (being the home of the ‘greater fool’ and all?)
Mind you, Asian markets took it in the shorts overnight but that’s because this two day ‘burn-off’ was centered on the (inevitable) slowing of the Asian economies.
Wonder if the goobers in the financial markets are still scratching their heads as to ‘why’ all of their customers stopped buying after they were PRICED OUT OF THE MARKET?
But you know the old saying, ‘Stupid is as Stupid does’…
Thus our first offering provides us with a look at the grass in the other fellow's yard
That is because of strong growth in countries like Brazil, India and especially China, which helped buoy economies in Africa and South America. High commodity prices also aided exporting nations.
Market conditions also favored developing countries. Economists had theorized that the credit crunch and recession would cause a flight to the safety of developed nations. But shortly after the recession, with growth stagnating in countries like the United States and in western Europe, the world’s investors plowed money into emerging markets.
“In the past, economic crises in the rich world had a big and immediate impact on the developing world,” said Charles Kenny, a senior fellow at the Center for Global Development, a research institution based in Washington. “But this time, the impact was much smaller, and we did not see developing countries follow the United States and Europe into long recessions and slow recoveries.”
Looks like Puss Nuts forgot to add ‘invisible and imaginary’ to the long and slow recoveries the West is, er, ‘struggling’ with.
Er, just a thought but I bet the recovery would go a LOT faster and smoother if we started HANGING financial executives for TREASON!
(Not that there is a way out of this financial quagmire that doesn’t involve paving the swamp over and starting over again from scratch!)
And the sooner we take those first steps towards sustainability, the better off we’ll all be!
Because, in case you didn’t notice, The US (and the rest of the West) wasn’t as, er, ‘lucky’ as the ‘developing world’.
"Extreme Poverty In The U.S. Has Doubled In The Last 15 Years" (Think Progress)
According to the latest Census Bureau data, nearly 50 percent of Americans are either low-income or living in poverty in the wake of the Great Recession. And a new study from the National Poverty Center shows just how deep in poverty some of those people are, finding that the number of households living on less than $2 per day (before government benefits) has more than doubled in the last 15 years:
The number of U.S. households living on less than $2 per person per day — which the study terms “extreme poverty” — more than doubled between 1996 and 2011, from 636,000 to 1.46 million, the study finds. The number of children in extremely poor households also doubled, from 1.4 million to 2.8 million…and the rich are getting richer.
Yes, good citizen, in a nutshell the poverty the developing world has, er, ‘miraculously avoided’ has, in fact, manifested itself here…in the greedy and corrupt West, brought to you by your ‘freely elected’ representatives (who won’t even take your phone call!)
Which is to (once again) point out that it is, er, ‘counterproductive’ to keep pointing to facts that you are all well aware of, You don’t need me to tell you that our, er, ‘method of government’ has been hijacked and is now broken beyond all recognition.
Worse, we all know WHO and HOW this came to pass…and it sickens us all to see that it is, once again, THE USUAL SUSPECTS.
Yesterday being ‘Super Tuesday’, it (naturally) solved nothing as we once again find the nation being RAILROADED into choosing between which ‘flavor of conservatism’ they want to fuck things up worse then they already are!
(And until we remove the law from the hands of the, er, ‘self-interested’, things can only get worse!)
To me, I find it amazing that we keep circling back to this exact same impasse.
How we keep having to ‘re-establish’ the Rule of Law BECAUSE we don’t take the necessary measures to prevent it from returning to ‘the Rule of (the rich) Man.
This is WHY A Simple Plan is set up the way it is, not only does it eliminate ‘the grotesquely rich’ but it also eliminates their ability to ‘buy’ the legal outcomes they desire.
And it has ‘teeth’!
But in order to be effective all, er, ‘systems’ have to have ‘enforceable consequences’.
How odd is it good citizen that people who think nothing of condemning complete strangers to be slaughtered on the battlefield (for [usually] nebulous reasons) are against the idea of ‘dueling’ or personally defending their honor/beliefs?
Then there is the time tested practice of ‘exile’. Why do the criminals keep coming back?
BECAUSE WE NEVER RID OURSELVES OF THEM!
I’ll be quick to add that few who are locked up today would be exile worthy criminals…the ones who deserve exile today like to refer to themselves as ‘public servants’.
Why they are allowed to keep dropping the ‘self’ identifier remains a matter between them and their campaign contributors…
Which is to correctly point out ‘fuck their constituents!’
To rectify this heinous situation we must strip away the benefits of civil society from those who fail to appreciate them.
Just another thing to muse over as we plunge headlong into the abyss…
Thanks for letting me inside your head,
Gegner
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