The world seems to be divided into two parts;
GLOBAL CAPITAL as represented by Wall Street. And, NATIONAL CAPITAL represented by Main Street.
It's a story of Boom for one, and Gloom for the other.
Even as Wall Street soars, on cheap foreign labor and even cheaper domestic money;
The mood on Main Street is one of gloom.
EVERYONE TALKS ABOUT "THE RECOVERY," BUT IT ALWAYS SEEMS TO BE SOMEONE ELSE'S RECOVERY. IT'S ALWAYS SOMEWHERE ELSE, NOT HERE.
People are flocking to Las Vegas according to the NYT. All Lost Vegas Losers it seems.
YET GLOBAL CAPITAL MOVES TO CHINA AND ASIA; EVEN AS CITIES IN EUROLAND ARE DYING SLOWLY FROM LOW BIRTH RATES AND DECLINING COMPETITIVENESS.
IN THE US, EVERYONE IS TALKING ABOUT THE WALL STREET BOOM ON TOUT TV, BUT YET IT'S HARD TO FIND IN "REAL LIFE." Maybe it's in Las Vegas? Hmmmm.....?
And, these rather punk-to-average employment numbers are "spun" so fast that they catch fire. Result; the bond market "crashes" for a couple of weeks.
Then, reality sets in again, and the bond stabilizes back to the levels expected in a down to slow economy.
The Dow breaks 10,000 again and again.
Ground Hog's Day on Wall Street. But the suckers keep flocking.
Everything is at 40 year highs, or lows, whatever is needed to make the rosy scenario;
But somehow all these extremes just seem to cancel each other out!
The result is always ZERO! ---At the end of the day but with much fanfare and Hosannas from the experts and pundits.
WE ARE GOING NOWHERE, BUT IN A BIG BIG HURRY.
THIS "ZERO SUM GAME" YEILDS NOTHING; EXCEPT, OF COURSE, COMMISSIONS FOR THE BROKERS.
Maybe that's all we can hope for now...............
IT'S ALL BOOM AND GLOOM.
