The US and Global economy are RUNNIN ON FUMES...
So much of the "good news" that supports our Gospel of Greed on Wall Street and in Washington...is fake or carefully manufactured, that eventually the truth will come out.
The Asset Inflation of the Greenspan years has ended...but what is to replace it? Perhaps a stagflation economy as in the 1970's?
The underlying economy is very weak deep inside the US, but none of this is reported in the mainstream media.
Consider:
When Walmart reports or projects "lower sales"...what then must be happening on Main Street? And what about small businesses that don't have Walmarts clout and draw? In most places in the US there is a commerical real estate depression that is totally under the radar.
If Walmart "catches cold," Main street is in a coma!
Yet, we are told that small business is the "engine for job growth" in the US...!
THE GLOOM IS DEEP ON MAIN STREET...
AND ALSO WITH THE SMALL AND MIDDLE-SIZE TOWN CONSUMERS IN FLYOVER COUNTRY...
While certain cities in the South and Southwest may be "booming," it is at the expense of the rest of the nation...
For Example, an Ohio school teacher retires...and moves to Phoenix! A Michigan UAW retiree sells his house and buys a manufactured home in Vegas!
IN BOTH THESE CASES THE RETIREE TAKES THEIR PENSION MONEY WITH THEM TO THE NEW SUNBELT STATE...
GIVING THE APPEARANCE OF "PROSPERITY" IN CERTAIN "SUNBELT BOOM CITIES"...BUT REALLY DEPRIVING THE OLDER AREAS OF NEEDED CASH AND INCOME!
It's a zero sum game for the states, and that's why so many or nearly broke.
And add to that the tax break "bidding" that is required to get business to "invest" in most states...and its a toxic soup for everyone involved.
In America today, its not what you know, its where you live...and the retirement Mecca's are the current "place to be!"
But, this Zero Sum Game...is hardly an Economic Boom.
