It is a good thing that as a chartist I get to ignore the news. Forget the hope and mirrors coming out of Europe. We all know Greece is going under and they really can’t rescue the banks.
I don’t know if you follow my Facebook page but I put up two rather depressing charts today. The first was a survey of small business optimism. Or lack thereof. Or dismal-ism.
The second was a survey of Americans who have trouble putting food on the table. The trend there is not good by any spin. We have heard that the level of Americans living in poverty has gone way up. This gets down to what that really means. Forget cell phones and flat screens that seem to be in the homes of the poor. This is food.
Imagine what will happen when (not if) food prices start to climb as inflation finally arrives.
Check out the Facebook page for the charts. And while you are there, do me a favor and hit the “like” button.
