The Nonexistent Middle Class(and Stock Market Report 2/8/12)

The Economic Report, formally known as the Stock Market Report, for February 8^th 2012. The stock market while an intriguing part of the economy, can get rather tedious to just merely discuss. While the economic report will have some stock market news, along with the final numbers of the Dow Jones, the NASDAQ, and the S and P 500 but there will be other things to discuss. Let’s talk about the Middle Class. Yeah, that mythical thing that doesn’t seem to exist anymore.

The Economic Report: RIP Middle Class

I think for years the middle class has stuck out like a general oddity of society. People who weren’t in poverty, but most certainly not rich. They lived a moderately comfortable existence, getting on with their lives. They might not have been able to afford mass luxuries, but they did live a pretty happy life style.

The middle class has pretty much burned itself out. There was a dip pit in between the rich and the poor where I’d say a good fifty percent or so of the people in the United States once resided, in Middle class land. Then the pit got smaller, with more people flying over to the poor side of the pit(and a couple making it over the rich side). Pretty much the middle class has narrowly disappeared.

What happened? Well there has been an economic slump. It has been turning around a little bit. Perhaps it might be. Then again, it could be another ugly lead in to another bigger crash that finally knocks what remaining middle class that is there right off into the poor side of the town.

Those who do have the money, those who don’t need to get taken care, will get taken care of. Because if you have money, you don’t need to take care of yourselves, people will give you that nudge. And when you don’t have money, it does seem that no matter what effort you indulge in, you’re pretty much screwed if you aren’t a part of the upper class.

Granted, we’d all like to think things will improve. But the problem is that any momentary hope is cut off, when the Feds decide to funnel money into bailing out people who got into this position through their own incompetence in the first place.

Stock Market 2/8/12

Slightly mediocre day on the Stock Market for Wednesday February 8^th 2012.

Dow Jones: 12,883.19(+4.99)

Nasdaq: 2,915.86(+11.78)

S and P 500: 1,349.97(+2.92)