Despite economic indicators pointing to a recovery, the US economy is still deep in the dumps. I genuinely feel sorry for the Americans described below. Their situations must be unbearable.
In all but two quarters since the beginning of 2011, “hair,” “eggs,” or “kidney” have been among the top four autofill results for the Google search query, “I want to sell my…,” according to Nicholas Colas, chief market strategist at New York-based ConvergEx Group, which provides brokerage and trading-related services for institutional investors.
While Americans can legally sell hair, breast milk and eggs, the sale and purchase of a kidney in the U.S. is against the law.
“The fact that people even explore it indicates that there are still a lot of people worried about their financial outlook,” said Colas, who tracks off-the-grid economic indicators. “This is very much unlike every other recovery that we’ve had. It’s going to be a slow-grinding, very frustrating recovery.” (Source)
It’s at desperate times like these when you can measure the true moral fibre of a nation. We’re seeing that nothing is sacred any more, not even the bodies of the living. Sad times, both economically and morally.
Pray for America.