Statistics Tell the Real Story

It is funny that we focus on what is called a recession.  Is there a real recession going on?  Think about it for a second!  If I look at the entertainment industry numbers I would not know that jobs are decreasing, livelihoods are being threatened and discretionary income is evaporating. Iron Man II has been in the movies less than a week and has grossed $133 million.  Let’s put this in perspective, if we add the films that were in positions 2 – 10 the combined gross was less than $40 million.  There was a lot of discretionary income spent this past week.  I wonder how many are worried about the recession but still went to see Iron Man II. 

It seems even in the midst of economic hardship the entertainment still does relatively well while other industries feel the effects of the hardship more severely.

Watch the Greece

Wow this may be a sign of what's to come! In America we almost saw the collapse of corporate America. Right after we expierenced the "Great Bailout" orchestrated by the US government.  Now we are witnessing the fall of a government. If you have watched the news at all over the past month you would have heard about the financial debacle going on in Greece.

Take a close look at what has happened in Greece. First, Greece's expenses had grown more than its production. Second, the Greek government tried to help itself by continued spending and other government programs. Third, the people of Greece suffered from high unemployment rates and no job security.  Does this sound familiar? Could this happen in America? The short answer is, yes it is!

We should all listen to and read more about world financial news!