FOOLS GOLD

5.7% GDP, the bulls say "read 'em and weep!" I say 5.7% GDP (estimate) BFD with 10% plus unemployed, bank loans declining, home valuations sunk, 0% interest rates, heavy GOV housing subsidies along with record low mortgage rates not resucitating the market......economy is GOV spending stimulus and FED intervention.....as FED is buying up ALL the mortgage paper and has supplanted its core $800B Treasury Bond portfolio in exchange for $2 T pock marked mortgage krap.

I see continued deleveraging and little momentum in the private sector, are we a gov economy or a free market system?

5.7% GDP huh? well bravo....bravo.....glad to see things picking up......funny how it doesn't see all that jiggy.....

WATCH REACTION.......NEWS IS NEWS IS OLD NEWS....you'll find out SOON if this MIRACLE of economic recovery is priced in. Arch Coal earnings and Chevron earnings plunge.....the commodity sector which led earnings are now faltering.

Of course the Ponzi artists on CNBC are paradig around, fluffing their hair and admitting this decline was a "GREAT BUYING OPP"....goody

Duratek