http://globaleconomicanalysis.blogspot.com/2009/07/s-500-rally-poised-to-end-buy-and-hold.html Mish thinks so.
More FOOD FOR THOUGHT
Thursday 16 July 2009 Foreclosures at Record High in First Half 2009 Despite Aid http://www.truthout.org/071609A?n Lynn Adler, Reuters: "U.S. home foreclosure activity galloped to a record in the first half of the year, overwhelming broad efforts to remedy failing loans while job losses escalated."
Robert Scheer "Government Sachs" Strikes Gold ... Again http://www.truthout.org/071609B?n Robert Scheer, Truthdig: "Connect the dots: Goldman Sachs made $3.44 billion in profit this past quarter, while the U.S deficit topped $1 trillion for the first time in the nation's history and appeared to be headed toward doubling that figure before the budget year is out. Since most of the increase in the federal deficit is due to bailing out the banks and salvaging the greater economy they helped destroy, why is the top investment bank doing so well?" WHY didn't GS pay ANY taxes?
FED SURVEY IN THEIR OWN WORDS
http://www.philadelphiafed.org/research-and-data/regional-economy/business-outlook-survey/2009/bos0709.pdf
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