Yesterday the major
Wall Street financial indices were all
"down". Today they're up. Up/down. Sure, we may be hovering close to
record territory for stock valuations ... but we've been stuck here for the
past 18-months, as mentioned several times earlier (below). Drifting
sideways. Every time
I hear some mindless talking-head on TV talk about how "great the economy
is" I want to puke ... because the world was in such better shape 2-1/2 yrs
ago. I spotted a story in Bloomberg News this morning that says much
the same thing: "Data Can’t Convince Americans the Economy Is Doing Well"
... apparently other journalists just are clueless when it comes to economic
news. "Years of stagnant wage growth and memories of the Great Recession made a lasting impact on the country, according to a new survey."