Thursday, December 10, 2009

WHAT'S WRONG WITH AMERICA?

60% PLUS rally and the "little guy" hasn't bought in. I read where something like $300B has flowed into bond funds andmaybe $30B into equity only funds. The flow into bond funds is a record and it is coming with rates at near historic lows.....bad recipe. That is ONE CROWDED TRADE...and is going to end in tears.

WTF is wrong you may ask? WHat's wrong is WE THE PEOPLE have been SOLD OUT, and if we don't get up off our asses and demand REAL CHANGE we will be lost.

What indeed is wrong this time? CAN YOU REFLATE a burst debt bubble? with more debt?

Aren't we getting, even if at record pace more toxin the same recipe as every other downturn from gov and FED? STIM and cut rates...this time to near ZERO %.

Now the avg AMERICAN has their ass in a sling, their teet in a cleaver, and instead of doing what is right and good....they BAIL OUT THE BANKSTERS, they must be laughing their asses off or will be when they deposit their RECORD BONUSES.....you getting a bonus?

Money was asked for by PAulson for a specific purpose BUY TOXIC ASSETS, then banks wouldn't need such capital requirements and could lend, thus pumping economy.

But what happened? PAULSON switch the game plan after his NAPKIN proposal was voted on and passed as TARP TOXIC ASSET RELIEF PLAN...it fing spells it out what it was for.....the bubble head idiots who vote in Congress had no balls and were "scared" not to vote....

OK, now he gave the money to the BANKSTERS and did not make them use it for any purpose whatsoever...so like GS made 80% of their profits from TRADING....TRADING not LENDING.....but for heavens sakes we needed to get our banks HEALTHY, so damn the torpedoes straight ahead...no strings.

SO the STOCK market , gold etc got pumped, shorts got dumped, but the avg Joe wanted none of it....all he wants is to pay down debt...survive......since maybe 2000 many were burned and didnt come back, now in 2007 they got it again, were screwed and for sure not coming back anytime soon.

SO how's that banks acct doing? 0% interest, and money markets? 0% interest ..oh that's great, BURNED more than once, the avg joe just wants a decent return thats safe....he gets bitch slapped instead.

Int rates should be MUCH higher, given demand alone for debt from the Federal Gov......if we have MORE savers and they got a DECENT RATE on their money hey they might even SPEND IT!!!!!!!! BUT no YOU have to go into the BANKSTER LAIR to make money the STOCK MARKET.......but we may have lost a generation to the scams, the schemes.....the games...PONZINOMICS>

Banks wont lend, credit is contracting in a K Winter scenario, BANKS dont have to tell you what the shitty paper is worth because of an accounting rule change.....HOW CAN ANYONE TRUST THE GAME IF ITS RIGGED?

We're dumb but we're not stupiD!!!!!!!

WHAT comes first chicken or the egg? JOBS MUST COME FIRST....do you create jobs by taxing businesses more? increasing regulation and tarrifs?

We have lost a decade of jobs a decade folks think about it, and for those out of work, what are the chances of finding a job? Now think of the RECORD $BILLIONS going to be paid out to the very same ILK who helped cause the disaster...

And the FED with their RECKLESS FECKLESS policies wants more power? WHERE have they been? WE are dumb but we're not stupid.

Housing is not coming back anytime soon, so I think we should just print more money and give more subsidies......and screw the small biz owner trying to survive....let's CUT OFF His access to credit....to we can save the banks?

WHY SAVE the banks if the patient dies? This stupid health care bill, yeah let's DROP the public option but lower medicare help from 65 to 55......how's that unfunded liability doing? WELL...we got $100 TRILLION of them....guess we'll just print that too....

When it's all said and done, you can wipe your ass with the value of our currency.....we inflated CHINA to world Super Power with our policies and lust for chotskies.....do we become or have we already an empty society ruled by the banking system and ruled by morons.....or do we demand more.....do we stand up for what is good for all.....when will we stop pandering to special interest groups...right now my heart is out to any unemployed....you are invisable to your gov.

D

7 comments:

Jay Jay said...

The wind of change is in the air and the powers that are in there right now KNOW IT. That is why they are screwing the public as fast as they can before they are thrown out or worse.Keep up the great posts.

Anonymous said...

I know you don't give investing ( ha ) advice but what are you doing to protect yourself from what you clearly expect to be coming ?

Anonymous said...

So how does a bear market help the people you care for so much?

Marc R said...

Let me try one more time. IT IS WHAT IT IS. I can wish for elephants to fly and it wont happen.
When led by the clueless what hope is there. Basically this is a VERY long term cycle and we hit winter with debt explosion, now we have contraction.
What is supposed to happen is we begin to heal, what IS happening is FED is fighting any deleveraging and adjustments and is making situation worse.
Hope isn't selling the people out.

A bear mkt is here for a reason, I didnt create it, IONLY try to warn, go ahead and get long stocks for the long term....

You cant change what is only hope to understand it....and cope best you can.

Anonymous said...

Mr D, Manute checking in. I see you are in a bad mood this festive season. There is still time to enjoy profits in this new bull market. In time you will buy. See the way to the right side. The bull side. Happy season to you!!!

D said...

Thanks Joe,
The ECRI guage does not agree...but I cant speak for their track record, it did tick up this week. I KNOW what I see with own 2 eyes.....

D said...

A looking for a roadmap,
here is what Rosneberg said in recent post I just put up

"Of course, all the talk right now is about reflation and all the efforts from the central banks to create inflation but the facts on the ground show that the inflation rate for both consumers, and producers has turned negative for the first time in six decades. Perhaps inflation is a consensus forecast but deflation is the present day reality and often lingers for years following a busted asset and credit bubble of the magnitude we have endured over the past two years. So, to protect the portfolio in this deflationary landscape, a pervasive focus on capital preservation and income orientation, whether that be in bonds, hybrids, or a focus on consistent dividend growth and dividend yield would seem to be in order."