BLAST OF HOT AIR

For goodness sake, can you take another minute of the lies, the BS, the manipulation and this downward spiral we are in?

To me, the talk and pictures of the minions of shoppers running the heck around grabbing at the deals, standing outside for hours, now cyber monday....how everything is turning up roses, getting better......FED got your back, improving economics..it's all BS to me, pure unstrained BS!

I've held it in, but I'm gonna let it rip, so tune me out turn me off if you rather hear some cherry scenario unfold....this ain't the Goldilocks scenario.

Only work construction firms can get nowadays are going into existing space, not making it bigger, or nicer to suit a new tennant, it's to divide it SMALLER, for all the DOWNSIZING....or make it easier to rent....most construction companies home remodeling business has dried up and blown away....only some CRUMBS remain.

Just talked to guy has friend just lost his job, he was architecht for VA firm only 3 years ago had 55 architechts....and did some impressive work, VA not far from DC should be HOT AREA!...can't find work.

Housing market HAS NOT rebounded. 6 of last Recoveries led by Housing! Is manufacturing leading this one? Is banking? Autos? what then? exactly....this recovery talk is a load of crap...anyone with 2 eyes and a piehole has figured that out.

some stats from david rosenberg this am (free edited version available at link)

11 MILLION homeowners are underwater (owe more than house is worth)
2.5 MILLION barely have positive equity of 5% !
There is the shadow inventory of millions more empty properties.
Lots of these foreclosed homes have 2nd liens on them
Median home prices have collapsed at a 30% annual rate last 4 months
Existing home market about as bad as it was in 2009 bottom

We cheer record corp profits, but they got there by CHOPPING HEADS, sitting on cash or buying back stock, or cutting back on investment.....wrong way fred.


Now low interest rates help to transfer money from savers to IN CROWD...WTH?????? 0% on your savings its on sale!! but MSM is preoccupied showing pictures of bag holding shoppers...in more ways than one.

The DROP (BENANKE said wasnt likely nor possible) in HOME VALUES has wiped out TRILLIONS from the American people, in its place we get a FED manipualted stock market rally and they said as much, theres your transperancy.....but mostly avg folk wont be helped by that wealth effect.

MOney managers are sitting on the lowest level of cash in decades at 3.5% they are basically ALL IN.

Investors and hedgies alike are as bullish as near the 2007 top in all kinds of polls.

The GREATEST BAILOUT IN HISTORY was also the GREATEST TRANSFER OF WEALTH IN HISTORY taking the DEBTS from the financials and corrupt corporations which most peddled the fraudulent paper or mismanaged their portfolios (AIG FNM ETC) and handing the debts TO Public sector, the taxpayers...all of it!

And all of it made possible by the threats of financial armageddon if this transfer was not carried out.

There has been NEGLIGABLE benefits to real economy by the FED policies, the housing market lays dormant, construction is dormant, jobs dormant, lending dormant, manufacturing dormant....where is the recovery taking place?

Less bad is not much comfort to those 99'ers in next few days to months losing their liferaft.....what will happen to them?

Many renters are also not paying their rents, home owners not paying their mortgages.....yet banks post near record profits and will pay near record bonuses.....it's all a mystery....or are many banks in real life near or insolvent and a dirty trick is being played on us?

The fact that people will go out and shop for XMAS should come as no surprise, many of these same people bought the houses they couldn't afford and will shop with the mortgage money they won't pay....or with record gov handouts, you dont have record number of people on gov subsidy in the teeth of a real recovery.

Now myself and some of my friends agree that the NUMBER ONE #1 CULPRIT to our woes is THE FEDERAL RESERVE. Their money and interest rate policies have killed us.....like feeding HEROINE to an addict, you feel good for awhile then it takes more and more to feel not quite as good.....then you either go cold turkey and QUIT and start over or you die.

Where the smoke screen is being blown I don't welcome it nor should any of you...enough is enough already

Duratek