Juggling Dynamite

Bloomberg finally posted a longer clip of Gay Shilling’s appearance yesterday for those that missed it live. Gary Shilling, president of A. Gary Shilling & Co. talks about the U.S. stock and bond markets, his investment strategy, and the outlook for central bank policy in the U.S. and Europe. Here is a direct link.

As the Algo machines continue to pump stocks this morning on bets for ‘endless’ liquidity injections from central bankers, real world data offers (anyone who wishes to see) some clarity on the truth about the weakness in our consumer led economy, courtesy of Zerohedge.com.

“The Second Great Depression officially started in December 2007. The NBER tells us that the recession that started at the same time ended some time in the summer of 2009. The Second Great Depression continues. The chart below shows the cumulative increase in Americans receiving foodstamps and disability benefits since December 2007 on the positive Y-Axis, and the jobs lost on the negative Y-axis. No additional explanation is necessary.”

Today as we mark the 11th anniversary of 9/11, this look back reminds us of how powerful the goodness in people can be when we act together to do the right things. This film has been modified from the original 2010 documentary produced by NBC and narrated by Tom Brokow to support a movement to foster community resilience in the face of future crises. See www.road2resilience.org to learn more. Here is the direct link.