Wall St/Main St Disconnect

One of my favorite blogs has highlighted the ever expanding gulf between us main st grunts' perception of the economy and WaWa Land's (Washington and Wall St) positively bubbly interpretation of the future. Check out the discrepancies here.
The Big Picture
If you happen to look at your savings(if you have any),credit card bills, mortgage, and various and sundry heaping piles of debt laying around your balance sheet, you might wonder how come stocks are doing so great? I'm not feeling it! Well my friends that's because YOU are not on the receiving end of THIS >>>>>>>>>>>>>>>>>>>

However, our Gambling Banking industry is. Take note of who's number one here: Top Hedge Funds by Assets I've also highlighted some concerns about how all this free cash actually gets used here: Who gets Zero percent? Print up 2 trillion fresh ones and lay em on the big betters and watch er go! I've got no problem with betting on markets. I've got a big problem with the economic elite getting a taxpayer backstop. Would you quit the ol Casino if you could lose...and lose... and lose...and if you lose too much your rich Uncle Sam comes in with a suitcase full of cash? For the people, of course. It just seems to be better if you're the right "people"

For more than just a rant you can dismiss as sour grapes from a poor guy I strongly advise you go HERE and read Trader Mark's latest missive. Included in there is one of the better long-term economic analysis I've seen from a "Main St" perspective and his most read article ever: Do the bottom 80% of Americans stand a chance? . Take in mind that was written in 2007 and you start to see some veeery bearish long term trends down here in the real world.