When the truth is finally written, it will be shown that we NEVER came out of recession, and 0bama and his commie buddies have actually pushed us into DEPRESSION! (but to say so is racist and politically incorrect)
Well, this is certainly unexpected news!
It used to be the age of the perma bull —give or take. Now the age of the perma bear.
If there was an internet in the 1930’s FDR would have been a one term president.
Regardless, going even further off the cliff with more stimulus, especially in the form of pure printing of money, would be a disaster that could push us off the edge of fiscal cliff.
You mean the Federal Reserve's copious printing of worthless paper money so vastly and so quickly that they can't even get the imprints on the paper on much of their scrip correctly? [Take ten twenties - look at them closely, two or three of them will have the face side unevenly imprinted - why is that?] You mean the US Treasury that now sells T-bills DIRECTLY China without bidding on Federal Reserve Auctions that have become almost a weekly event? Why isn't is all crashing? We're printing money like it's toilet paper - why not devaluation? Well, my guess is that China is in it for the long game and is biding their time - not redeeming. This allows Obama to print it up, spend it and claim 'stimulation'...regardless of whether he's stimulating the economy (actually his UNION cronies and capitalist bundlers with huge contracts)...China not choosing to redeem its holdings is holding up the Obama lie. I believe that China, "at a time and place of their choosing" could bring it down in a heartbeat....[remember those words? Yes, W said them - but in a different context, one we all endeared.] I wouldn't own a stock now unless I was short of toilet paper.
Roubini’s got a great track record on these things. He has correctly predicted at least eleven of the last three downturns. ;-)
$5Trillion dollars, adjusted for inflation, is the equivalent of what the US spent on WWII. How do you piss away a WWII in 4 years.
$5Trillion dollars, adjusted for inflation, is the equivalent of what the US spent on WWII. How do you piss away a WWII in 4 years.
Good luck with that....
BofA has over a million mortgages on the books that are at least 2 months behind in payments.
What we have here is a dead cat bounce on wet cement.