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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.

Market Celebrates Just Announced Record Foodstamp Usage By Closing At 2010 Highs SNAP%20November 0 [3]

h/t John Lohman

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URL to article: http://www.prisonplanet.com/market-celebrates-just-announced-record-foodstamp-usage-by-closing-at-2010-highs.html

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

[4] Foodstamp Usage Remains At All Time High, Record Number Of Households Receive $277 In Poverty Assistance Monthly: http://www.prisonplanet.com/foodstamp-usage-remains-at-all-time-high-record-number-of-households-receive-277-in-poverty-assistance-monthly.html

[5] US Foodstamp Usage Rises To New Record High: http://www.prisonplanet.com/us-foodstamp-usage-rises-to-new-record-high.html

[6] Foodstamp Recipients Hit Record, Alongside Record Dow Jones And Record Debt: 20% Of Eligible Americans On EBT: http://www.prisonplanet.com/foodstamp-recipients-hit-record-alongside-record-dow-jones-and-record-debt-20-of-eligible-americans-on-ebt.html

[7] Metals from copper to silver hit record highs: http://www.prisonplanet.com/metals-from-copper-to-silver-hit-record-highs.html

[8] Corn prices hit record highs in Chicago: http://www.prisonplanet.com/corn-prices-hit-record-highs-in-chicago.html

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