Those of you with enough money to own shares and gold are smiling right now. Your accounts are staging a wonderful recovery and you are making money. You are starting to believe what the economists say that the recession is almost over. Please let me throw some cold water on your unbridled optimism. This link below talks about unemployment and job losses.
http://www.huffingtonpost.com/henry-blodget/the-scariest-jobs-chart-e_b_315910.html
(Please copy and paste this to your browser.)
To make a long story short, it is now official the current job losses and unemployment are the worst the world has seen since the Great Depression. We are losing more jobs every day. We also have the grim prediction of another 4 million foreclosures in the US before the housing market hits bottom in 2011. At the end of the day those with money will be better off and the Middle Class will be decimated. This will apply all over the world.
Life takes us in many strange directions and wonderful discoveries. It never turns out the way we thought it would.
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