"You can't spend your way out of debt, nor inflate your way to prosperity"
I think I have proven my worth of this blog, don't wait for the shit to hit the fan to read and pass the link along to a friend or family.....I ain't going nowhere and will keep telling it like I see it....right or wrong.
I'm not going to YELL BEAR IS BACK BEAR IS BACK.....get your bear bell strapped on quick.....my TA won't confirm that as yet. In every uptrend comes a comeupins, so far this probably is start of a good comeupins.
Ask yourself, WHY HASN'T ONE M'FER GONE TO JAIL OVER THIS CRISIS AND PONZI SCHEME? (ugly whore Madoff doesn't count)(SO ugly he will get NO sex in jail!)
With the FED ONLY buyer of CDO'S because no one can trust them, how do we restart SECONDAY MARKET?
How was Moody's and FITCH able to get away scott free with what appeared to be collusion in masquerading the mortgage SLOP as GRADE AAA?????? more like a XXX bendover.
Here's one. LET THE BANKS give away ALL the money/profits gained by "NORMAL BANKING BUSINESS" but first reinstate MARK TO MARKET ACCOUNTING and see if any REAL PROFITS!!!!
Banks are being allowed to destribute $10's of $BILLIONS of TRADING PROFITS" using FED FREE money as the buyin and being backstopped against any losses.
Here's these assholes warped sense of game plan, get banks healthy by allowing them to manipulate stock market and issue MILLIONS of shares of INFLATED NEW STOCK and use proceedes to pay back TWERP and get away from BONUS restrictions....super.
What a warped sense of justice, game plan, what is BROKEN don't attempt to fix, inflate excess banking reserves and then PAY BANKS not to lend!!!!!
Sharpen your ptichforks, soak your torches.
Doug Noland weekend read "A war on Wall Street puts recovery....etc all at risk" is that where we are headed?
Duratek
2 comments:
Based on this chart, a pure chartist would conclude that Gold will begin heading south and or the stock market will head north.
That said, it appears a stock market correction is in the works. However, it is also very possible the DOW will rise into 2015 and eventually break the old high.
See Martin Armstrong article "The DOW and the Future - Theory and Myth".
http://www.martinarmstrong.org/economic_projections.htm
If all the essays posted on the the above website are read, you will be more informed than Obama, Congress and the Federal Reserve put together.
I already know more than the 3 combined. Not big fan of armstrong....but I get my fill of doom and gloom.
"rise into 2015"...not sure it will rise into 2010.
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