A FIRST, A DROP IN CONSUMER CREDIT (Kondratief Winter proof?)
WHERE ARE THE LOANS MY FRIENDS????? WHERE IS THE EXPANSION OF CREDIT??
HERE in lies the issue at hand. Below observe the MASSIVE increase in the BASe money (fractional reserves for now) here you see VERY LITTLE of this FUNNY MONEY is getting into real economy! Tells me FED plan is utter failure....as far as productive gains are concerned.
What you are witnessing here is unlike any period before it. LOOK what a pimple worth of ZUTZ did in 1999-2000 (Y2K FREAK OUT). AFter a BRIEF consolidation after doubling size of money base known to exist in just a FEW SHORT MONTHS, we are OUT of shaded area (R) BUT it's "on the move again!" IF we are OUT OF RECESSION, WHY is there a need to keep going here?
How in the world will the FED DRAIN this swamp? ANy wonder gold is soaring?
PROOF the TRILLIONS POURED INTO SYSTEM ARE NOT MAKING ITS WAY INTO PRODUCTIVE SECTORS!
The unemployed is the sector still growing.
The unemployed is the sector still growing. I SPIT on less bad is good. PROOF housing price correction has much farther to go.
*(refer to previous post chart on home values) FACT $3 TRILLION PLUS of commercial loans are coming due and many may default. BANKS ARE NOT LENDING, CONSUMERS ARE NOT ASKING= CREDIT CONTRACTION=RALLY IS FULL OF BS.
ALL that money created sitting there, the FED is f'ing with us. They are still paying Banks for letting the money SIT AS A SCREEN SAVER.....why should they lend?
FACT. if all that money, more created than in history by a mile, it has to go somewhere? I CONTEND the FED'S aim is to make banks healthy by STOCK MARKET TRADES!!!!!!!
If you ask me, manipulating the stock market, sticking a STAKE in the US $, as main stream MAIN STREET SUFFERS AS WALL STREET BAnkers and traders get fat....well it's PERVERSE!!!
"Castles made of sand, slip into the sea.....eventually...yeah yeah"
Dow has recaptured 50% of losses from Bear in just months. S and P 500 level is 1121....the market has put the horse before the cart again.
In the recorded history of this measure, NEVER BEFORE has yr/yr Change in consumer credit gone NEGATIVE!..........UNTIL NOW! so has MONTH/MONTH.
RECOVERY WORTHY OF CURRENT VALUATIONS?
(Thanks for following MICK! )
Duratek
2 comments:
bra-fucking-o,
Many moons past and more the dream grew strong until
Tomorrow he would sing his first war song and fight his first battle
But something went wrong, surprise attack killed him in his sleep that night
It's something when you can use the FED's own charts to make a point!
I was noting potential TRIPLE tops in Transports...we turned down from there, even though some considered the previous high a confirmation of primary trend.
OK, if one is long, making money..cool..even better if they understand ALL they are riding is MOMO, nothing more....and that won't last forever....surely none of the players want to book 60% gains?
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