Tuesday, March 23, 2010

WHAT SHOULD MATTER DOES NOT

Existing Home Sales Fall to Lowest Level Since June
BANK LOANS OUTSTANDING CONTINUE TO DECLINE
HOME VALUES CONTINUE DECLINE
JOBLESS CLAIMS STILL ABOVE 450,000
20 MILLION UNEMPLOYED or underemployed, those that get jobs accept PAY sometimes 50% less than previous job or more.
RECORD levels getting extended benefits.
GOV deficits Reaching level of GDP

10 year notes yielding UNDER 3.7% !!!

Jobs shipped offshore, banks bailed out but not lending, allowed to have trading desks and goose markets rather than lend money.

ZERO FED POLICY rate insures banks have little incentive to lend.

OBAMA CARE is going to insure health care costs to companies and individulas skyrocket over next several years....as if they wouldn't anyway. If the GOV says it pays for itself be very afraid, and some of funding will come from $500 BILLION of cuts to Medicaid?

I wish stock market WAS the economy, then we'd all be so busy we couldnt take a dump.....

SOMETHING IS UGLY and wrong.....and I see nothing being done, no real changes or regulation to fix problems and the BIG BANKS just got bigger and exert even more control.

Maybe no laws broken? no prosecutions from crisis.....

D

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