Wednesday, March 9, 2011


Let's take a look at this recovery we are having.  Anyone not believing it is really happening?  I've written a bunch about the concept of "Recovery in Name Only" meaning that we really haven't seen a significant recovery in key areas in the economy.  Drivers like silly things such as jobs and housing are simply not participating in the asset price recovery we keep hearing about.

60 Minutes does a piece about poverty in Amerika.  While the government solution is to throw more money at the problem it is clear that there just continues to be more folks in need of assistance.

Everyone wants to believe that everything is getting better, but I continue to feel that sense of dread in me that as soon as I give in and give the green light, all hell is going to break loose.  Incomes are not rising but costs certainly are.  How long will it be before we hear that fuel costs are responsible for job cuts?  Once again these gas prices and oil prices are an assault on those in our nation (and the world) that can least afford cost increases.  These are direct taxes on their ability to survive.


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