My ass

[muck_a_luck]

Wall Street Journal headline this morning:

Dow at 10,000 as Crisis Ebbs

My ass.

How is the shockingly high percentage of homes in foreclosure and a 10% unemployment rate the ebbing of the crisis.

The only positive thing I see here is at least some people are recovering losses in their retirement plans.

I'm waiting for teh double dip on this thing. Banks are still ridiculously exposed on consumer loans and mortgages, families are still losing whatever wealth their homes represent, and with one in every ten people LOOKING for a job unable to find one, and however many people that represents who have given up and aren't even looking anymore, well, I don't see how a recovery is going to be sustainable.

But you know, that's just me. I hardly own any stocks and I just rent and my job is pretty secure, so screw you, WSJ.

Comments

[princessofgeeks]

don't forget that their intended audience is Rich People. Very Rich People.

Whenever they do a feature story on low income people, it's written with this obvious lip curl, and they gaze with strange fascination at the life of such creatures, as if they were animals in the zoo.

I can barely stand to read it. And I can't read the editorial pages at all. But it's good to have a window into the Establishment, you know? Just for balance. Of the conservative media outlets, it's the best, and they do cover things nobody else does.

But I read National Geo and listen to NPR for balance. and the local paper.

hi!

[muck_a_luck]

I usually only see the headlines.

I can't read editorial pages in any publication. I learned that as a teen. I just can't step back and there are idiots everywhere. Better not to even read. :D

Hi! :D