“The Federal Reserve itself claimed the economy is “leveling out.” “
Yes, before the next leg down.
The only people celebrating a “recovery” were the Obama administration and we all know how they tend to “mis-speak”
Fantasy. The idea that we are gonna recover as of now needs to be added to the junkyard with the perfectly good clunkers.
Jobs & Debt. America hasn’t been stellar in producing private sector jobs this decade.
The worse is yet to come.
I have seen speculation that the runup in stock prices has been fueled primarily by the investment banks with money from the TARP. If that’s true and small investors entered the market with the expectation this was a true rally instead of a govt funded bubble they’re in for a real surprise.
EXACTLY as predicted as far back as last winter....
A slight increase in economic activity, that the media would try and trumpet for the glory of Obama, even when every indicator says otherwise, followed by a SHARP fall off in late-September, early October. There is NOTHING holding up our economy at this point except GOVERNMENT SPENDING.
We aren’t anywhere NEAR the bottom of thing. It’s going to get worse, before it gets a WHOLE HELLUVA LOT WORSE!
“”The market has gotten way ahead of the reality on the ground,” “
Ya think!
I don’t understand what’s kept the market afloat. Socialism is bad ju ju for free markets to prosper. I expect things to get worse if we don’t turn this out of control federal spending around. It’s not enough to stop health care, bailouts and such. We actually must start SHRINKING the size and scope of the federal government. We’ve already taken on enough to sink this ship, any more just assures it will sink faster.
>What happened to all the optimism?
The Federal Reserve itself claimed the economy is “leveling out.”
Something like getting smacked in the face with a cold wet reality fish called record unemployment claims, lousy jobs data, and poor retail sales...
"I'm not surprised."
Face it...the big money on the left was inflating the market long enough to try to ram health care through. They can’t keep it up forever.
Is there a treasury auction soon? Seems each time there is one, the market goes down and everyone rushes to ‘secure’ Treasuries!