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Monday, 30 July 2012


Mannie Sherberg
The market pays far too much attention to labels. As long as no one has said -- out loud -- that we're in a "recession," the market blithely ignores reality and pretends everything is hunky-dory. Everything is not hunky-dory; we are -- with or without a label -- in big-time trouble -- what Yiddish-speakers used to call "gehakteh tzuris" (chopped-up trouble). What's getting chopped up, of course, are millions of ordinary lives which may never recover from the ravages and despoliation of the Obama years. Are we on the verge of a lost decade? No. We are right smack in the middle of a lost decade. When the market finally catches on to that simple truth, the Dow numbers will look like "gehatke leber" (chopped liver).
Mannie Sherberg
Apologies for the atrocious spelling in the last sentence. The word is "gehakteh."

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