It is amazing folks that here we sit, TRYING to recover from the worst financial BUBBLE BURST in anyone's recollection next to "GREAT DEPRESSION" which was brought about by FED RESERVE action on interest rates, leaving them TOO LOW for TOO LONG, set ablaze by too much debt too easy credit...too much STIM
And we are DOING EXACTLY THE SAME THING AGAIN!!!! but now if 1% was good enough to build the housing and debt etc bubble near killed us, well LET'S FING do it even better this time, lower to 0% and FLOOD with STIMULUS (doesn't work) and all kinds of new fangled FED gimmicks....talf, talcum powder twerp...etc.
Every doggone time we get in trouble these IDIOTS throw the same damn solution at problem.....what the heck!!!!!!!!
NOW, the money that should heal us is going into asset inflation, WONDERFUL!!!
G-d forbid AMERICANS have HAD it up to here, and want to HEAL their balance sheets...pay down debt, maybe say they got enough CHINESE made trinkets and good gahs......so what do we do?
ENTICE them to buy forward demand in KLUNKERS, HOUSE CREDITS, and FHLA is giving subprime lenders more money!!! HELL WHY EVICT or foreclose we'll just rent the place back to you! EUREKA MOMENT
TRUST ME, you are NOT going to reinflate the historic credit bubble we just went through, but that is what they are tying to do..INSTEAD it's all running into MATERIALS and PAPER STOCKS.....taking them to INSANE levels of valuation historically.
And screw the savers.....give them SQUAT....phhtttttoeey
GIVE THEM NO CHOICE but??????????????? RISKY ASSET CLASSES.
This isn't the way you heal and build a balanced economy this is a JOKE! ANY ASS could have come up with this plan....OMG
We have come to a confluence of points, US $ support, BOND YIELDS, FIBS FOR INDEXES, and important trend lines....(near 1100 SPX) and VIX has firmed..all short leash
I've used action here, little rebound from to get into IT again.....see what happens....the mystery of the rally is no mystery at all.....SOS
Duratek
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