Link: Technically Speaking, Market Analysis and Theory: Saturday AM Coffee: A Plethora of Choices, for Some.

What the Federal Reserve CLEARLY doesn’t understand is the bifurcation in the economy between the fewer doing quite well (and screaming the loudest for relief) and the many in the Stealth Depression among the least fortunate among us. When landed gentry whisper in your ear, you respond differently than whether you listen to the wretched misery of the silent.

“Give me your tired, your poor, Your huddled masses yearning to breathe free, The wretched refuse of your teeming shore. Send these, the homeless, tempest-tost to me, I lift my lamp beside the golden door!”

As a physician, seeing 20-30 patients and their families daily, I see a sharp rise in anxiety, depression, frustration, and health crises directly related to the struggles experienced by ‘ordinary’ Americans. There is no hedonic adjustment for their pain, only pain. The Bernankes, Sterns, and Gramms of the world don’t see this in their bar graphs of employment, core inflation, and mortgage applications. Those who have already reached the top of the mountain can easily overlook those who either fell off, or never got a chance to climb.

I’m glad that the blogger, a physician, makes the connections. I hope he (she?) will go further, and look for the underlying root of the problems – and then join us who seek to pull poverty out by its root! Eradicate it!

Elsewhere, the poster says,

I believe in the free market capitalist system and in the government of the people, by the people, and for the people. We deserve better, representation with responsibility and government with not only a brain but a heart.

I hope he will exercise both, and get to know the ideas of Henry George!