A few months ago when I stopped writing this blog, I was writing an article about the impact of the soccer economy by the time a decision about the world cup was being taken. The outcome was that the disappointing and I decided not to publish it, triggered by the current economy of the few. The economy of the few investing people is suggesting that the economy is recovering when in fact the actual unemployment rate is over 16% while reported just fairly over 9%. The economy of the few has also disregarded the increase of the poverty level in the United States and its territories, and the difficulties in distribution due to serious problems like inflation; most likely, a direct result of uncontrolled gas price increases. For most, the gas price is in itself a war tax. But within the world economy crisis, it appears that the US economy is gaining momentum.
I anticipate that the Dow Jones index record will be surpassed once more, but this will not become a real economic indicator for the entire nation, but another record for the rich to get richer and the poor, poorer, leaving also most of the middle class unprotected; that a selected group will get jobs, and the undesirable professional not matching the corporation ethics will remain unemployed; that MBA graduates will need to keep their ethics for themselves and look for work somewhere else in a third class employment; that IT will generate 50,000 jobs for new comers, as stated by President Obama while visiting India, while leaving the vast majority of IT professionals once more either unemployed or underemployed and underpaid. So the large economy should look at unemployment, distribution failure, and index of poverty as key economy indicators, and the relevant institutions should do something about making Americans live a better life, more congruent will America's self image, more congruent with reducing and eliminating a 14.3 trillion dollar external debt, that may become unpayable. When I arrived in the United States about 20 years ago, that debt was about 2.5 trillion, as I recall today.
