INTO THIN AIR. OUT OF THIN AIR

another fed official talking "tough" on inflation link here I'LL TELL, BOY THIS ECONONIC revival is so amazing so fast....maybe it passed me by. Surely this is GOOD NEWS to the 6.9 MILLION workers CUT since DEC of just 2007 making it the worst period of job losses since WWII

As recent post suggested, the FED has become the lender of first and last resort....9 of 10 mortgages connected to a GSE....where did they get the money?

What is succintly wrong here is THEY DON'T GET IT.....this is not an inventory crisis, or over build crisis or any of those that respond well to even MORE stimulus.

WE CHOKED on TOO MUCH CREDIT, TOOMUCH DEBT and hardly anyone is taking responsability for it.

When the FACTS show contracting credit, falling rail shipments, falling BDI (even if more ships online), near depression levels historic lows in Consumer confidence. NO more availability of home equity loans, stagnant incomes, 7 M fewer employed…and so on…WTF??? Recovery?

DID the rally base itself on a quick fix to all of this? Or is it based on huge injections of money printed out of thin air? The case for us bulding a sustainable economy from printing money is that thin.

D