Monday, March 5, 2012

A tale of two markets: new record highs for both Apple and Foodstamps

In the world of the haves and have-nots, economic analysis can always find new ways to distinguish the direction a populace is taking on the high and low side.  A most interesting comparison seems to have taken place on March 2nd where the wealthiest corporation in the world, Apple, reached another new high in stock price, while at the same time, Food Stamp recipients in American also touched new records.

Think Apple is the only thing allowed to hit new records every month? Think again: presenting iFoodstamps - the number of Americans living in poverty (or at least doing a damn good job of fooling the government in pretending they do). As of December, per SNAP this number just hit another record high of 46.5 million, an increase of 384,000 in one month (and ending the trend of declines from October and November), 2.4 million in 2011 (about as many as have dropped out of the Labor force, hmmmm), and 14.3 million since Obama took office. - Zerohedge



And as Zerohedge points out in ultimate Irony, you can download instruction at iTunes on how to apply and receive food stamps and other benefits.

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