At least that is what the economists want us to believe…..housing is trying to make a comeback…it will but slowly…..unemployment claims are down…..markets were doing better, but that is a daily indicator….means nothing in the overall picture right now.

Apparently the rest of the economic world does not agree with thye cheerleaders of the US economy.  The World Bank issued this statement:

The World Bank said today the global recession this year will be deeper than it predicted in March and warned that a flight of capital from developing nations will swell the ranks of the poor and the unemployed.

The world economy will contract 2.9 percent, compared with a previous forecast of a 1.7 percent decline, the Washington- based lender said in a report today. Growth will be 2 percent next year, down from a 2.3 percent prediction, the bank said.

I know ….some will say that the World Bank is more concerned with the poor third world than the US, but sorry Irene…in this age of globalization it is all the same.  What effects Kenya will have an effect on the US.  That is why it is called “globalization”.

Nowhere are the indicators saying that the picture of the economy is becoming brighter….only in the lies of the economists that make their living off the markets.  Main Street has been suffering….and will continue to suffer until some how the guys in Washington realize that there is a diminishing middle class.