Tuesday, December 22, 2009

AM DATA "THE BIG LIE CONTINUES"

Briefing.com AM DATA LINK GDP REVISED DOWNARD firts from 3.5% (which helped spur shouts of "RECOVERY IS HERE LONG LIVE US STOCKS" and 2nd revision was down to 2.8% and again "NOT SO BAD SHIT HAPPENS, UP UP AND AWAY" and todays final 3rd revision was

AGAIN GDP REVISED now DOWNWARD TO A MERE 2.2% !!!!!!!!!!!!!!!! wtf???!!!!!

This repulses me friends, why can't the BLS get an honest asessment of the REAL DATA? I mean we have gone from a ROBUST? 3.5% GDP down to 2.2%???? and the stock market is trying to convince us we have a V-SHAPED RECOVERY?????????? IN WHAT, US STOCK GAMING?

Business investment has shown little or NO recovery in these reports, shoved down to the bottom of importance, if we see a V SHAPED recovery, shouldn't we see business investment EXPLODE? NO it has IMPLODED! and bodes ILL for REAL JOBS.....which would lead to a REAL RECOVERY

Stocks gets bid higher and higher with no support, a withdrawl of selling, 80% of GS profits from their trading gaming desks, so program trading becoming THE MARKET, no meaningful pullback since March, largest rise from Recessionary lows in history of market, $TRILLIONS of $$$$$$"SSSSSS of gov stimulus, CDS market support, housing and mortgage support, TARP BANK bailouts, loan mods, cash for klunkers, bridges and roads to nowhere.......and all we got is 2.2% GDP (even is that real???)

I suspect the old saying, at some point as it takes more NEW MONEY to creat even ONE $ of GDP, we have reached the point where we are "PUSHING ON A STRING"

We have more than doubled the adj money base, of all known monies in less than a year, it is said we have record EXCESS BANK RESERVES, the world has thrown TRILLIONS upon TRILLIONS at this mess, entire countries get bailouts (ICELAND) or default.......and lastly if CHINA is just a fricken humming along while their biggest customer the US whithers away................why isn't JAPAN humming too who should figure to get trickle down from Chinese growth? WHY would Japan need more stimulus? how has stimulus worked for Japan the last 20 years?

I'm going to ask again, tax receipts help fund governments State, local, and DC.........these are DOWN the shitter....yet WASH expands their budgets beyond what already cannot be funded by incoming so that creates even more PRESSURE TO FUND DEBT AND DEFICITS.

WHAT happens to long term interest rates? in the face of historic demand for debt....WHat IS KEEPING RATES SO LOW?

My goodness, is this ever going to end badly..... I REALLY question ability of the market to take out SPX 1120......if so....come the New Year, with BS turn from perfume to an outhouse?

Duratek

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