The stock market is back over 12,000. The decline, recession, depression, and hard times are over. That is at least until Thursday when the new weekly jobless claims come out. This whole scenario is becoming quite laughable. Last week the filthy rich sold their stock and bought up Euros because they knew, well they’ll say they did not know, but we all know they knew, that Greece was going to get a bailout this week which would cause the dollar to fall against the Euro. Now they’ll buy back those very same stocks they sold last week for pennies on the dollar, inflating the price while devaluing their worth as their price in dollars climbs.
So what does this mean to us lowly 99ers and those still surviving in the middle class? Inflation. But all they want is just a little more. You know; a few more dollars for our utility bills and a few more dollars at the grocery store. And we shouldn’t complain as it makes us seem petty, maybe even a little bit greedy, when we do. The fact is we should be overjoyed because the stock market is going up and don’t we all want to be on the winning team?
Continue reading “99ers Seeking Unemployment Extension HR 589 -The Recession’s Over Again…Until Thursday”