NO PLACE TO GO BUT DOWN

• NEC plans to eliminate 20,000 jobs from groupwide workforce (70,000 cuts announced from various companies yesterday alone)
• Obama, Congress seek compromise deal on stimulus plan (a stim that porks you instead of stims you...by the time this works we'll be toasted)

RUBBER MEETS THE ROAD as the slowdown screws even the rich people, Read where Kevin Bacon lost all his investments (less real Estate) to MAdoff scam? Wish you were LeBron James?

State budgets under water, here in MD projected shortfall is $2B with a B....gov workers face an axe.....that may be all that's left to deal with slowdown....and that makes it worse. 4.8 Million already (and then some) on work release.

Housing mkt yet to even slow down let alone reverse declining trend. BANKING SYSTEM ON LIFE SUPPORT

Even with FED talkity talk....10 yr yields are rising (lows near 2% now 2.8%)

It may be late, but the R word may be the D word. SMALL BUSINESSES NEED A BAILOUT or the shedding of workers will see a HUGE uptick.

EVEN more debt being Piled up on the NEXT GEN.

One explanation for the rising $$$$ could be sickening condition of the Euro zone in particlar Britain.....and I have one more thought.
The US $$$ is rising (for now even as gold rises) BECAUSE in my OPINION it must be that we are in a SEVERE DEFLATIONARY CLIMATE!! US $$$$$$'S are being DESTROYED making those remaining to pay off debt MORE VALUABLE

If you have better idea please leave a comment. FED statement doesn't sound positive for the rest of this year or maybe 2010.

ASSETS continue to DEFLATE IN VALUE.....even as record attempts to REFLATE/INFLATE debts away is failing.....there is little to no VELOCITY of money.

AFter seeing 50% or more whither away from mkt holdings....how much more will the little guy take before we get capitualtion? Because I dont think we did yet, yesterday was another 90% down volume day suggesting the desire to sell has NOT been extighuished.....and I DO mean this, good luck everyone. I have my OWN HELL to deal with as I continue to do my best and get the word out and share my opinion and views...my record is ALL HERE for review.

PS....my blog has now been visited from readers in 48 dif countries.....thank you for taking the time.

D