The United States has been in a Depression since 2008. There is no reason to believe that the stock market's rise has anything at all to do with the actual global economy, more likely securities kiting drives the market more than anything tangible. The reason "Depressio
n" isn't used is because it is a loaded word ... a taboo word. Calling the economic state we are in a "Great Recession" doesn't create the need for dramatic regulatory action that "Depressio
n" does. Pushing the "Great Recession" meme has sidetracke
d necessary regulatory changes ... for now. But a Depression doesn't simply correct itself without interventi
on. As economic conditions worsen, outside of rosy economic statistics hailing recovery, the American people are going to demand meaningful economic interventi
on. And that interventi
on does not include raiding the Social Security Trust Fund in order to lend temporary buoyancy to sinking investment values.
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