Baltimore, Maryland
The depression is alive and well!
US unemployment claims just came in higher than expected.
And new house sales in January were at their lowest ever. Pundits were quick to blame the snow. But sales were off even in areas that had better-than-usual weather.
Household income has gone nowhere in 10 years. Stocks have suffered a lost decade too. And now Ben Bernanke says we’d better be careful... because the recovery ain’t no sure thing.
The economists have no clue. But average people know what’s going on. They know how hard it is to find a job. And if you’re in the building trades... or you have only a year or two of college... you’re pretty much out of luck. You may have to retire before you ever start work again.
