The News Remains Bad
The recession is not over.
Each time the Dow breaks 9,000, everyone gets excited. You must learn to avoid the Dow as any economic measure unless you have a market fund tied to it, which few of us do. The insistence on the news media to depend upon the Dow is because (a) no one the MSM understands business, which explains their own solvency issues and (b) Dow Jones writes most of the business news segments (like AP does for world affairs, but not as stupidly) picked up by the MSM, and they use the Dow as advertising.
Then the market hits a bad low, like it did yesterday, and everyone wonders why.
Each time there is a small gain in the employment sector, everyone celebrates the certain end of the recession. Obama certainly did, announcing that we were on the road to recovery, just before bad news came out about unemployment.
And recently, positive news about the slowdown of firings indicated that, once again, the recession was over based on labor market stabilization. Now, news today that unemployment has climbed yet again.
Not to sound too down on it, but the Czar recommends you plan for a long, bad recession and hopes you and your family will spared. No matter how cheerful the news is from the talking heads on CNN, the fact is simple: Obama, like most presidents, really does not have a handle on economics enough to be the decisive factor. Presidents can make recessions worse, but no president can prevent or magically cure them. Time is the only solution, so be patient.
Божію Поспѣшествующею Милостію Мы, Дима Грозный Императоръ и Самодержецъ Всероссiйскiй, цѣсарь Московскiй. The Czar was born in the steppes of Russia in 1267, and was cheated out of total control of all Russia upon the death of Boris Mikhailovich, who replaced Alexander Yaroslav Nevsky in 1263. However, in 1283, our Czar was passed over due to a clerical error and the rule of all Russia went to his second cousin Daniil (Даниил Александрович), whom Czar still resents. As a half-hearted apology, the Czar was awarded control over Muscovy, inconveniently located 5,000 miles away just outside Chicago. He now spends his time seething about this and writing about other stuff that bothers him.