The Stock Market As Propaganda, by charles hugh smith

[Crewleader]

The Stock Market As Propaganda (March 10, 2010)


Since 91% of stocks are owned by the Plutocracy, the much-ballyhooed rise in the stock market as proof the recession is over is perception management/ propaganda.

The 75% rise in the stock market from its lows a year ago is ceaselessly offered as "proof" the economy is recovering. Too bad very few Americans are drawing any benefit from this stupendous rise. As I detail below, the Great Middle Class owns at best only 7% of all stocks and mutual funds.

So the constant, breathless heralding of the stock market's carefully manufactured ascent has only one purpose: to create perceptions of "recovery"and distract the populace from the fact that in terms of empoyment and tax revenues, the U.S. economy is still shrinking rapidly.

http://www.oftwominds.com/blogmar10/wealth-distribution03-10.html

[Donnachaidh]

1. I love the daily *The recession is OVER* can can dancing

Because it inevitably is shown as a massive FAIL when true figures are posted. Fox News has nothing on the propagandists in the party we have to suffer with.

:rofl:

[mrdmk]

2. The Stock Market is not an economic Leading, Lagging, or Coincident Indicator

The Stock Market is an indication of the health of financing Public Corporations. The Stock Market may raise or fall without any relation to the economic conditions of this country. So for people to say the Stock Market is improving therefore the economy is improving is a complete falsity. Nothing more, nothing less.