We keep hearing that we are in a recession rather than a depression.
We are a nation of no direction.
The above chart shows that financially our nation has been in the same place for the last six months. This chart is not the Dow, NASDAQ or S&P. It is a mix of stocks, bonds, mutual funds and a cross section of our economy. What is not shown on the chart is the rise on unemployment, rise in home forclosures, the increased number of people on the street. Union Rescue Mission is the oldest and largest mission in Los Angeles and the largest in the nation. In the last year their services have risen over 40% while their donations have fallen over 20%. The vertical scale on this chart spans such a small range that it is insignificant. We have not moved. The only reason we have not come crashing downward as a nation is that for every event reported which is bad news our Government can reply in moments with an explanation or proposed plan to limit the possible effects of the bad news.