Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

This Exposes How Badly The Public Is Truly Suffering

Wednesday, March 1, 2017 11:48
% of readers think this story is Fact. Add your two cents.

(Before It's News)

kingworldnews.com / February 28, 2017

With the Dow recently tying a historic record for consecutive all-time high closings, this exposes, in sharp contrast, how badly the public is truly suffering.

A portion of today’s note from legend Art Cashin:  Commentary Causes Commentary – There’s an article in the current Commentary Magazine that’s causing a bit of a stir in some Wall Street watering holes. It is authored by Nicholas Eberstadt and is titled “Our Miserable 21st Century”. It details some remarkable shifts since the year 2000. Here’s a bit:

On Wall Street and in some parts of Washington these days, one hears that America has gotten back to “near full employment.” For Americans outside the bubble, such talk must seem nonsensical. It is true that the oft-cited “civilian unemployment rate” looked pretty good by the end of the Obama era—in December 2016, it was down to 4.7 percent, about the same as it had been back in 1965, at a time of genuine full employment. The problem here is that the unemployment rate only tracks joblessness for those still in the labor force; it takes no account of workforce dropouts. Alas, the exodus out of the workforce has been the big labor-market story for America’s new century. (At this writing, for every unemployed American man between 25 and 55 years of age, there are another three who are neither working nor looking for work.) Thus the “unemployment rate” increasingly looks like an antique index devised for some earlier and increasingly distant war: the economic equivalent of a musket inventory or a cavalry count.

READ MORE

The post This Exposes How Badly The Public Is Truly Suffering appeared first on Silver For The People.



Source: http://silveristhenew.com/2017/03/01/this-exposes-how-badly-the-public-is-truly-suffering/

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.