Monday, March 7, 2011

Organic Growth or Artificially Sweetened? You figure it out.

I present to you just 5 facts I found astonishing for the month of February that you should write down on your doorposts, lest you forget why the "stock market" continues to grind higher and higher in this upside down world.

  1. The US Food Stamp Program (SNAP) in February is now providing food stamps to a record 44.1 million Americans, which represents 14.4% of the total population.
  2. Food prices across the globe reached all time record highs in February, higher than the previous record set in 2008 which sparked deadly riots around the globe. 
  3. Total US debt reached a stratospheric record $14.195 Trillion, or just $100 billion shy of the ceiling. 
  4. Wall Street insiders sold a record $5.4 Billion in stock during the month of February.
  5. The Federal Government posted the largest single budget deficit in its history- a record $223 Billion in a single month, making that the 29th consecutive month of red ink.
As one can see, lots 'o records being set in the month of February and I suspect there will be many more during the month of March... and April... and May... Unfortunately, these records being broken aren't exactly the kind you want to brag about. In the meantime, can someone please call up the good people at Guinness World Records and see if we qualify for anything?


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