No such luck, and this holiday season more and more families are facing economic hardships with layoff gathering strength along with a markedly depressed Wall Street and hints of deflation.
We are shrinking, like the wicked witch.
Futures are mixed and the differences are slight, the hope would be that if there is a drop today that it will be minor and not the 200 point or more variety. We always accept the gains.
At this time we can still point to a certain depressed stability to the market. We are holding on the third floor of a ten story building.
Reuters: Wall Street futures mixed
Stock futures for the Dow Jones industrial average are up 0.6 percent and for the S&P 500 up 0.3 percent; Nasdaq 100 futures indicated down 1 percent.
Initial jobless claims at 8:30 a.m. EST, expected to fall to 558,000 from 573,000, and the Philadelphia Fed business outlook index at 1500, are the main macro events.
3 comments:
The awful dirty secret of deflation. It just makes the rich richer if they have lots of cash.
I think the saying has changed -
The new saying is - "The rich get richer."
Economic officials no longer acknowledge poverty, so there's no need to even mention their plight
The poor are not even considered human. The Gov't cares little for them. There is nothing worse in America then being poor. It's considered a reflection on your character. You can be born with a billion dollars never have worked a day in your life and be a total shit and your considered a highly valued person in this society.
Post a Comment