Thursday, January 13, 2011

TRANSPORTED


From 2003-2008 it took 5 years from low of Recession to HIGH, unemployment fell to 6%, there was auto and housing boom, expansion of credit.
2009-2011 in just 2 years the TRansports have come back to the highs....2 years! BUt unemployment is 9.4% (17% U6) and credit has contracted, debt bubble has burst....WHAT is driving economy with 8 MILLION OUT OF WORK?
Gov't transfers and $TRILLIONS poured into Banking (WALL STREET) that found its way from FED to stocks and commodities.
Seniors continue to suffer from HIGHER PRICES, but remember when you take out the stuff everyone NEEDS like food and energy there is NO inflation! what a joke! But if laptops and TV's and things you don't need go down, inflation is under control.
Rather than heal and recover naturally, the FED has instead been determined to INFLUENCE EQUITY PRICES......we know how that ends up dont we?
D

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