As I read the Bloomberg article (click on title above or cut and paste from below)and am again informed that jobs are still being lost in most places, and even according to Bernanke “it could take four to five more years for the job market to normalize fully,” Fed Chairman Ben S. Bernanke said Jan. 7 in testimony to the Senate Budget Committee after the jobs report. We continue to be told things are getting better.
I had the opportunity earlier this month to be the speaker for The CA Desert Assoc of Realtors Annual Kick off event. The crowd was only a few hundred and I find it fascinating that fewer than 10% were willing to grasp the message and the reality of their situation. The remaining 90%+ were upset and offended.
Another report was released today on consumer confidence. It stated that consumer confidence rose more than expected last month and now stands at an 8 month high. We continue to see people celebrating a "recovery." Yet if we stop and think about the reasons for the apparent "recovery" we will see that things aren't quite as we would like to believe they are.
Sure, retail spending is up and we are saving a little more than in the past. Of course, when millions of Americans aren't paying their mortgage, taxes, insurance and the like it would make sense that they can spend more!
Although I haven't yet seen the official numbers, I believe we will see December record the 20th consecutive month that the number of Americans on food stamps has grown over the previous month - 20 CONSECUTIVE MONTHS!!!
Yep, things are getting better, or perhaps we are becoming dumber?
Good news is that there are plenty of competent informed professionals out there who are not only knowledgeable and skilled but who are committed to helping others who all too often are finding themselves in difficult situations. If you need to know how to find one, email Kirk@TRGHelp.com
Be well, it is after all a choice
http://www.bloomberg.com/news/2011-01-25/payrolls-decrease-in-35-u-s-states-led-by-new-york-minnesota-florida.html
