The Gov has spent $TRILLIONS fighting the bear market and downturn, the FED has lowered rates to 0% and left them there for over a YEAR! The GAO suspended mark to reality and banks misrepresent their values.....stimulus etc all done to beat down the primary trend of an EXPLODING CREDIT/DEBT BUBBLE.....to little or no avail.
Savers got hosed getting NADA for savings, or little for other safe instruments. savers use interest for spending, but can't now.
VISA, MC, and RH (retail holders etf) are all in downtrends, maybe bear mkts.
The US $ has corrected sharply from its recent highs, falling from above 89 to low 82.
The policies implemented were to help the housing market and with rates at lowest in decades, few takers...consumer confidence below 911 levels....YET....our adm chirps...."economy is strengthening MINUTE BY MINUTE"
Don't expect the truth to be told, when do politicians tell the truth? If you WANT the truth, you have to go out and find it.
I want to write about happier times, but I won't lie. WHO KNOWS, maybe I'm, dead wrong about everything?
Folks, it's why I use CHARTS to help bring you an UNBIASED look at what is happening, charts do not offer opinions.....the charts and indicators like the -9.8% ECRI reading etc do not paint picture of health and expansion, but one of loss of steam and maybe worse.
Duratek
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