Chairman Bernanke, time for the rest of the FED's 50-100 basis-point cuts, Sir.
If you pay attention, you can see the NHC blowing on every prospect of a storm, sending their airplanes out to circle fast to help with convection, turning a gust of wind into a named storm. Naming ain't what it used to be, got to fake the facts to match the hysteria.
I wonder which hurricane prediction outfit Soros funds?
As they say, Bull markets are at their best when climbing a Wall of Worry.
All this gnashing of teeth over micro-issues (such as sub-prime and Lowes estimates) by the financial pundits leads me to believe that things are so smooth in reality that they have to search for negative issues on which to report.
MACRO financial numbers are at their best in years.
US multi-national companies are raking in the dough, much of it by selling US products and services overseas.
We’re in a great upswing in technology buying, and gasoline prices in the US are relatively stable and, yes, affordable.
($2.59 a gallon at my local gas station)
House prices might be sliding somewhat, but what the hey, they nearly doubled in the past five years.
Every centrally controlled (e.g.CNN)media outlet is going to recite over and over the "coming recession" and the worst economic parameters they can find. We will hear it from now until Hillary's fifth month in office.
All so certain parties can say "It's the economy stupid."
Actually the US economy is doing OK, employment is down, exports are up. Although the dollar, in the longer term, is doomed to plummet with increased central government dependence and control of the citizen, just like the ruble.
And people don't believe their aren't conspiracies?
My advice: invest in the growing conservatism in Europe, particularly eastern Europe, and certain Asian nations. I'm doing well with investments, but for the naive folks, those who don't believe in conspiracies, and think Americans are still "basically conservative", it's going to get much worse.
America was once the most freedom loving and individually responsible society in the world. That is how it prospered.
My garden center is doing 50% more business to date this year than last, and we have so much booked over the next 3 months that we’re going to have a fantastic year.
People may not be buying and selling houses, but they are sprucing up what they have, including landscaping, hardscaping, waterscaping.
Why ? Because Money = Debt
With falling debt levels, there is less money so asset prices must drop.
The Fed will try to prevent falling asset prices at all costs.
BUMP