[grania]

But....the stock market keeps going up! Bad news is good news for the elite, because it means that interest rates on FDIC savings won't increase. "Quantitative Easing" will continue and that fake money will trickle upward to the elite. Thousands of new young uneducated foreign laborers just entered the US....what a great source for cheap labor!

That's the new economy. It is not a recession for the top 25% or so of the population. So, it's not a recession. Does anyone really think they care if the bottom 75% or so are on the brink of financial ruin? We don't count.

[Cringing Negativism Network]

I believe the stock market is going up, because Chinese investors can invest in America’s stock market, but China’s stock market is not likewise available to America’s investors.

Investment therefore moves to where it is possible to invest it.

The problem is, the money doesn’t actually do anything for America, because every American company invests in Asia.

So this is a temporary situation.

It will keep our stock market going up, even though that is only in my opinion because we are selling out our own stock market.