Friday, October 30, 2009

SKYS THE LIMIT

"TO THE MOON ALICE TO THE MOON" LINK THE ADJ MONEY BASE

I am sorry to burst anyone's bubble who still thinks we are on the right path to economic recovery, a sustainable course. And to anyone who pays much attention to most gov stats I have some swamp land I need to unload.

AT the core of our issues stands Banks who won't lend but play the roulette wheel and will pay themselves Billions, companies that won't hire and a GOV that is making it more costly to have employees (as those who can pay in have dwindled).

Because of 0% int rates and weak $ energy prices have risen, also effecting food prices. State gov's cannot balance budgets w/o raising taxes or cutting services.

AFter all that has been done to goose housing mkt, sales fell last month and so did prices paid!

ZOMBIE BANKS act as if mortgages held on or off books are near face value.

Consumer sentiment is near the LOWEST LEVELS ever recorded even as stock prices near their rally highs. IN a COnsumer driven economy, with over 7 million jobs lost since 2007, with little or no home equity not to mention all those UNDER WATER, this divergence with past recoveries of sentiment near 90.00 doesn't make sense.....except to say some monkey business is about all that is being conducted.

WHAT GOOD IS A GDP REPORT when you factor in one off events and a teet suckling GOV STIMULUS AIDED ZING? WE are talking sustainable recovery, where is that?

D

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