I showed you how the FED balance sheet is the rally....there is NO refuting that.....here confidence has dropped SHARPLY....but this is already from a historically DEPRESSED level.....current perceptions registered a big fat 40? by now it should 100 PLUS....total reading came in under 64......this is MUCH lower than the worst reading after 911.
Housing came in at the worst reading in the history of the data going back over 50 years.....the ONE CONSTANT during this time is FED rates at 0%.....A JAW DROPPING surge in ADJ monetary base and FED balance sheet and the GAO forced to drop its mark to market accounting rule.......voila we have a recovery.
And there is one my friends, there is one......but not the kind justified by a 100% move in the stock markets.....it's a bought and not paid for recovery and it can't stand on its own 2 feet or there would be a move to normalize operations here......wouldnt there be?
TALK IS CHEAP!
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