The reality is that America is faced by stagflation, economic recession and financial inflation at the same time. Rank and file American investors are beginning to understand this. As a result, US stock markets are looking decidedly nervous. The possibility exists for major falls in the months and years ahead. However, don't look for anyone on television to tell you this. They are too busy shaking their pom-poms.
So-called "reality" shows are very popular (Just for the record, I've never watched one). Reality, however, is glossed over on the television news coverage.
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