RITHOLTZ BLOG "WEAKEST RECOVERY FROM RECESSION"

2001 Recovery was "weakest on record" until 2009 came along?

But recent political moves will finally do the trick? the F they will. ALL we might do is borrow some demand from future AGAIN....continue to make believe that transferring the debts from crisis from BANKS to the FED TREASURY (u and me) has solved the problem....now the GOV keeps chirping how they are making money on their investments...sure they have!

FED is playing a DANGEROUS game with the US $ and HISTORICAL PRINTING AND STIMULUS....housing prices have yet to bottom, sales near worst levels ever, HOW could the paper associated with these be at anything near face value?

IF FED really wanted Banks to lend, WHY do they continue to pay Banks on excess reserves?

If anything ASIAN economies get perked, as our $'s continue to leave this country along with jobs that may never come back.

20% of Americans recieve some kind of assistance, highest on record....some recovery.....9.8% unemployment as Recession ended 1.5 yr ago.....we owe current 100% of yearly GDP.....2 years of continuing tax cuts will cost $1 TRILLION....WHERE IS THE GOV AUSTERITY?

BOND YIELDS KEEP CREEPIN UP, watch 5% on 30 yr....

IN 2001 the US $ index was 120.00 $1,000 in general of foreign goods cost $833. Today the index is 80.00 (after rally!) and same would cost $1,250......against some currencies it MUCH more dramatic....gold is at new record highs for a reason

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