Against the backdrop of a weak economy, the stock market rises to all time highs over the last 11 months. The supposed “recovery” is a mirage / cover up and Jim Chanos sees lots of overpriced stocks that he can sell short.
You must watch this documentary on the mind and money, if you want to able to understand yourself. On why you spend money on things that maybe you shouldn’t have, basically to understand your financial mistakes.
Very scary reality for older American’s …the retirees. With their fixed income dropping and home prices down, this is tough times for the older generation.
This is probably due to the fact, that the supposed jobs recovery is all based on part-time jobs, which corporations love because the corporation does not have to pay sick days and aren’t qualified for vacation pay. Basically, workers are getting short changed on purpose at the benefit of large corporations…modern day slavery in another form.
Wall Streets current view of the global economy is not so good. Almost every statistic around the world is slowing down, including the statistics in the United States.
However the mainstream media still portrays the U.S. as “recovering” and “growing” which is a flat out lie. The perception that America is doing well, must be push to the Americans by government controlled mainstream media because it is an election year.
I give credit to Jack Welch for speaking out about how the American government is telling a giant lie to the American people with the release of the latest job numbers. Most people in the investment world knows this number is a flat out lie. The 7.8% unemployment numbers are manipulated to make Obama look good because it is an election year and because they do not want American’s to know just how real bad it is.