What Recession?

With unemployment steadily around 9 percent and the number of underemployed around 20 percent, American workers know we're in a deep recession with no end in sight. Government seems oblivious with its focus on debt reduction and elected officials only concerned about being re-elected in in 2012.

So how's business?

The corporate sector, as it turns out, is flush with cash, so much so that it's wildly speculating in all sorts of technology ventures. If you've got a flashy idea about social networking, you can "go public" and get millions.

In addition to the oceans of cash, corporate earnings, overall, are beating expectations, increasing the amount of cash available. But don't bother looking for a job. They're not hiring, just investing.

The dragon finds a horde of gold and sits on it. (See The Washington Post story.)