Monday, August 01, 2011

BOTTOM LINE

Here we are, 3 years into the "recovery" and the stats don't back it up, in fact this will go on record as the WEAKEST RECOVERY FROM A RECESSION....except in stock prices.

We already have seen PEAK GDP, we are now near FLAT GDP at .4%, that isn't growth. We have 9.2% unemployment, no growth there. ISM manufacturing from this AM? just a tad over 50.00, below 50 is contraction, both GDP and ISM show little growth in economy.

You know how Banks are dealing with foreclosed homes now? BULL DOZING them down, can't sell them let's take them down, so then a total loss? AHH still have GAO accounting change, it's worth what they say it is worth.

Hey corporate profits have soared, as the lemmings run after LNKD and any other worthless new fad paying it up, running after the price until it collpases on them like NFLX DID....it doesn't make any sense. You buy stocks when they are low and cheap, not when they are high and expensive.

The government spending is causing horrible deficits, but now the catch 22 is keep it up and default, or see higher interest rates or both. Rubber has met the road. BUT no tax increases, hey Obama extended the Bush cuts....at cost of $800B we didn't have.....I
m a Republican, do NOT want dramatic tax increases, shelter middle class and small business, but do away with dividend tax cut, and let's share in the mess we are in.

I see no comprimise....we'll have to do this all over again, and the cuts will hurt people and slow economy even more...what a mess, maybe sooner than later market will see it to

D

1 comment:

Jay Jay said...

Sorry man I don't want to share in any mess the Fuck heads in Washington made. I pay enough taxes. Send those Aholes home for a year with out pay and it might start a turn around. Love your blog, but stop the "we all have to share crap."
Keep up the great posts.

Jay