The Credit Crisis IS a HEIST
Jim Jubak's latest taking a page from the Nattering One... something we've been Nattering all along...
The "crisis" which needs to be "managed" by the people in control (who created it) is by design.
We applaud Mr. Jubak for coming out and speaking the truth on this matter.
The folks in power in Washington and on Wall Street want to pretend that the current global financial crisis...
you know, the one that reduced household net worth in the United States by $11.2 trillion in 2008, according to the Federal Reserve...
was an accident caused by some unfortunate confluence of greed and asleep-at-the-switch regulators.
What we're now living through, though, is the result of a conscious, planned looting of the world economy.
Its roots stretch back decades. And it wouldn't have been possible without the contrivances of the bought-and-paid-for folks who sit in Congress.
Of course, just because the plan blew up on the looters, taking off a financial finger here and a portfolio hand there, you shouldn't have any illusion that they've retired.
In fact, in the "solutions" now being proposed -- by Congress -- to fix the global and U.S. financial systems, you can see the looters at work as hard as ever.
Regarding this Dead Cat Bounce or Bear Rally Jubak concurs with the Nattering One:
In my opinion, we're still in a bear market until the economy proves otherwise.
A first-quarter earnings season that's likely to be very ugly is set to begin in just about a week and a half,
and the market could easily give back all it has gained in recent weeks -- and then some.
I'd still use this rally to sell any stock you've been waiting for an exit for.
Damm its nice to get validation every now and then.
The "crisis" which needs to be "managed" by the people in control (who created it) is by design.
We applaud Mr. Jubak for coming out and speaking the truth on this matter.
The folks in power in Washington and on Wall Street want to pretend that the current global financial crisis...
you know, the one that reduced household net worth in the United States by $11.2 trillion in 2008, according to the Federal Reserve...
was an accident caused by some unfortunate confluence of greed and asleep-at-the-switch regulators.
What we're now living through, though, is the result of a conscious, planned looting of the world economy.
Its roots stretch back decades. And it wouldn't have been possible without the contrivances of the bought-and-paid-for folks who sit in Congress.
Of course, just because the plan blew up on the looters, taking off a financial finger here and a portfolio hand there, you shouldn't have any illusion that they've retired.
In fact, in the "solutions" now being proposed -- by Congress -- to fix the global and U.S. financial systems, you can see the looters at work as hard as ever.
Regarding this Dead Cat Bounce or Bear Rally Jubak concurs with the Nattering One:
In my opinion, we're still in a bear market until the economy proves otherwise.
A first-quarter earnings season that's likely to be very ugly is set to begin in just about a week and a half,
and the market could easily give back all it has gained in recent weeks -- and then some.
I'd still use this rally to sell any stock you've been waiting for an exit for.
Damm its nice to get validation every now and then.
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