HOW do you repair economy when jobs are being shed and consumer confidence is falling to levels not seen in DECADES?
Home values continue to decline. Stimulus won't stimulate. The weak and sickly banks are kept on life support with taxpayer money, and the ones healthier or got one good leg are hoarding the "free money".
BUsiness is near NON EXISTANT. GDP THIS FRI. TEPID RALLY APPEARS to be consolidation of previous decline. There is NO buyer enthusiasm.
Wouldn't a company like CAT benefit from supposed infrastructure stim spending? NO, obviously NO if they just announced HUGE LAYOFFS.....why there are OODLES of these cranes, earth movers etc idled all over the globe as the last BOOM caused SEVERE over building.
BDI skuds along its bottom...improving only slightly.
Even as I post THIS the DOW is near unchanged.
Decision pt, as I posted earlier has great piece on FAIR VALUE and it doesn't paint a bully picture
D
No comments:
Post a Comment