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Market Celebrates Just Announced Record Foodstamp Usage By Closing At 2010 Highs

Posted By admin On December 4, 2010 @ 10:19 am In Commentary | Comments Disabled

Tyler Durden
Zero Hedge [1]
Dec 4, 2010

For those seeking a perfect explanation of what is happening in United Banana States of America right now, then look no further: the just released September Supplemental Nutrition Assistance [2]program data is out and we are happy to report that the number of poor Americans has never been higher – SNAP recipients just hit a fresh all time high of 42.9 million. Naturally, the market celebrates the record number of poor Americans by closing at 2010 highs. No long-winded, somnolent essays, no rants, just observations. These two facts explain everything that is happening in this unrecognizable banana republic. Now that is a five year banana plan you can believe in.


h/t John Lohman

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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/article/market-celebrates-just-announced-record-foodstamp-usage-closing-2010-highs

[2] Supplemental Nutrition Assistance : http://www.fns.usda.gov/fns/key_data/september-2010.pdf

[3] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/gono/SNAP%20November.jpg

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