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JUN 22, 2013 - Zero Hedge

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This Is An Extraordinary Time

Submitted by Charles Hugh-Smith of OfTwoMinds blog, It's as if we have two economies: the simulacrum one of stocks rising dramatically in a few months, and the real one of household earnings (down) and hours worked (down). It is difficult to justify the feeling that we are living in an extraordinary moment in time, for the fundamental reason that it's impossible to accurately assess the present in a historical context.  Extraordinary moments are most easily marked by dramatic events such as declarations of war or election results; lacking such a visible demarcation, what ... Read More

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