Think the Market have been tough lately?  Only foreplay compared to the larger picture.

What most lack is the follow-thought thinking about what happens to government transfer payments and Social Security when the market enters a protracted Bear.

Everything going on in the world around you is still in pretty good condition.  And as we mentioned in last weekend’s report, container traffic from Asia is actually up a good bit compared with year-ago levels, so the end of the world isn’t here.

And even Monday of this week after the Dow had dropped more than a thousand points, the Baltic Dry Shipping Index was still in the mid 900’s.  This is an index which had been 40 percent lower in 2009.

There is no point wishing for a lower market, it’s baked in the cake.

Around Peoplenomics, though, the next problems becomes our focus.  And that NEXT set of PROBLEMS will be what happens in the event the long wave economic outlook which says this is merely the start of the Second Depression works out to be true?

Coffee, a few headlines, and charts.  Then  we’ll shovel into the “grim stuff.”

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