Nothing adds up, in 2002 the FED 1% rate policy fueled a sustainable recovery and the market exploded to new alltime highs. Autos hit records, sales and construction of homes, condos hit records....
We got the recession that wasn't many called after 911. But those in theknow, those supposed to be watching looked away and or fell asleep....and allowed aided and abetted the debt bubble housing crisis.
IN an interview in 2007 I believe BIG BEN BERNANKE was asked the question, "will housing slowdown hurt economy" he said "NO, and there has never been a case where home prices fell...." or something like that.....thank goodness they gave that bald bastard another term.
Paying interest on excess banking reserves STUNTS bank loans...that's a sure thing, but that policy continues.
BANK LOANS are contracting, now here me please THERE HAS NEVER BEEN A CASE IN HSITORY WHERE WE GOT A NEW BULL MARKET AND ECONOMIC EXPANSION AND LOANS OUTSTANDING CONTRACTED!!!
or A RECOVERY CALLED A RECOVERY WHERE WE SHED ANOTHER 1 million jobs!!!! SOME RECOVERY.
WE GOT THE RECOVERY IN BULLSHIT. There's no inflation to speak of because all those dollars are not getting into economy.....lead a horse to water....
Never has there been a disconnect like this one from sound findamentals and the stock market.
The stock market is rising for "some" good reasons, valuations on many companies paying dividends in 2009 were appealing, but please show me the companies right now selling for a low PE or low valuations....the bargains have gone.
If you are long, and the rally can carry much longer and higher than anyone anticipates, but IMHO it is rising not from a REAL improvment of life on the street, it is directly from FED and GOV interference......and as you can tell from the employment figures and remeber in those figures NOW I think are the HUGE hiring of temps for census....anf they still dont look good,
THEY have made it you can't get YIELD without taking some risk as ONE YEAR CD's YIELD maybe 1% whoopie......remember this next time it falls to shit and remember what tricks can be pulled....but also remember they cannot keep it up forever....let that punch bowl come away too soon....see what happens.
SHOULD A REAL AND LASTING RECOVERY NOT BE BORN HERE.....
you tell me what faith will be left in the system?
THEY BAILED OUT THE BANKSTERS with OUR money......and they still getting big money....even the thieves......and you telling me not even ONE SINGLE ARREST??????
WAY to go OBAMA for bringing us real change we can beleiev in...
D
Subscribe to:
Post Comments (Atom)
2 comments:
A Bull market requires a driving force. In the 1990's the driver was computers and the internet; in the 80's it was defense spending, leverage buyouts, technology, in the 70's the driver was new technology from companies like TI, XEROX et al. In the 1920 it was automoniles and GE innovations, In the 1800's it was railroads. All these markets were centered on higher employment and productivity.
Since 2009 the market rise driving force is a printing press. This is a false bull market. Notice the debt and low employement with nothing being produced.
This market is on a sand hour glass timer and time is running out. Look for a blow off move to the upside to suck as many in as possible.
That's the message. The stock mkt market may enrich the banksters, the fraudsters and insiders, but not main street
Post a Comment