Gerald Celente: PIIGS, Presstitutes And The Global Meltdown

In fact, You couldn't NOT read all about it: According to our corporate media, we are in for a wonderful era about how those happy stock market days are now here again! After a stormy start, June closed and July began immediately with US benchmark indexes racking up their "biggest weekly gains in two years on good news." (Or so it seems, at least on the surface!) Yes, there was some, how shall I call it? CONCERN, but, as The New York Times reported in June 25th, "Two years into the recovery, the economy is still behaving like a plane taxiing indefinitely on the runway. Few economists are predicting an out-and-out return to recession (are they just dumb, or what?) Analysts, or should it be 'analists' "generally" expect the economy to pick up in the second half. These economists were earlier forecasting strong job growth in June, but two weeks later, when the horrible numbers came in, the "Bureau of Labor Statistics" reported that only 18,000 jobs had been created, and not the 125,000 jobs projected by those same economists who were also not "predicting a out-and-out return to recession." Accordingly, without missing a beat, the Times changed its tune, writing new words to replace the old words they would "never" be forced to eat: "Feeble Job Numbers Show Recovery Starting to Stall. Defying Economists Forecast for Hiring, Unemployment Creeps Up to 9.2%. As we used to say in my Latin Class: "Sic Transit Gloria Mundi" (Thus goes the glory of the world).