Making The KoolAid
Consumer spending will "grow" at the slowest pace since 1991.
Consumer confidence is the lowest since 1991 (U of Michigan) and 1972 (New York Fed).
The emasculated service based economy has lost 85K jobs in the last two months. Home prices continue to decline at a record pace.
Not to mention in the last year, wages are negative 1%; stagflation is running 12% and the dollar you use is down 23%. Do the math.
Sounds like things are just getting better all the time doesn't it? I think we've hit bottom, don't you? It's a great time to buy, isn't it?
The financial system is on the verge of collapse, wrought with WEEKLY bailouts. A recession is in full bloom...
while the service sector (65% of employment) and consumer spending (66% of the economy) are just starting to disintegrate.
Congress raises the GSE loan limits and lowers the reserve requirement, so FNMA, FHLMC & FHA can bail out the jumbo lenders and MBS issuers.
The Fed says it vigilant and worried about inflation, yet their primary mandate is to "manage" inflation expectations.
Notice the phrase manage expectations, not actually manage inflation. That means, they get paid to lie about inflation, IT"S THEIR JOB!
The Fed cuts 300 bps and makes hundreds of billions of dollars available at below-market rates.
All to bail out Wall Street, the lenders and the Fed's banking MASTERS, who OWN THEM.
The price of oil doubles from $52 to $110 a barrel, commodities prices go to all time records,
the price of food, gasoline, healthcare, insurance, EVERYTHING goes through the roof. Except real estate, the lynchpin of the debt ridden ponzi scheme,
because it already went to UNSUPPORTABLE heights and is now in the process of deflationary asset price re-discovery. And the bottom is NOWHERE in sight.
Instead of lending the money out to qualified businesses and individuals to STIMULATE the economy...
the banks gorge themselves like pidgeons in St. Marks Square, on a historically wide spread and hoard the money.
Aren't these jackass banks, lenders and Wall Street with their lack of risk mitigation and GREED,
the ones who got us into this mess in the first place? Get the picture? Don't drink the KoolAid being passed around...
much like Jonestown, Guyana, this will not be a happy ending for many gullible believers.
Consumer confidence is the lowest since 1991 (U of Michigan) and 1972 (New York Fed).
The emasculated service based economy has lost 85K jobs in the last two months. Home prices continue to decline at a record pace.
Not to mention in the last year, wages are negative 1%; stagflation is running 12% and the dollar you use is down 23%. Do the math.
Sounds like things are just getting better all the time doesn't it? I think we've hit bottom, don't you? It's a great time to buy, isn't it?
The financial system is on the verge of collapse, wrought with WEEKLY bailouts. A recession is in full bloom...
while the service sector (65% of employment) and consumer spending (66% of the economy) are just starting to disintegrate.
Congress raises the GSE loan limits and lowers the reserve requirement, so FNMA, FHLMC & FHA can bail out the jumbo lenders and MBS issuers.
The Fed says it vigilant and worried about inflation, yet their primary mandate is to "manage" inflation expectations.
Notice the phrase manage expectations, not actually manage inflation. That means, they get paid to lie about inflation, IT"S THEIR JOB!
The Fed cuts 300 bps and makes hundreds of billions of dollars available at below-market rates.
All to bail out Wall Street, the lenders and the Fed's banking MASTERS, who OWN THEM.
The price of oil doubles from $52 to $110 a barrel, commodities prices go to all time records,
the price of food, gasoline, healthcare, insurance, EVERYTHING goes through the roof. Except real estate, the lynchpin of the debt ridden ponzi scheme,
because it already went to UNSUPPORTABLE heights and is now in the process of deflationary asset price re-discovery. And the bottom is NOWHERE in sight.
Instead of lending the money out to qualified businesses and individuals to STIMULATE the economy...
the banks gorge themselves like pidgeons in St. Marks Square, on a historically wide spread and hoard the money.
Aren't these jackass banks, lenders and Wall Street with their lack of risk mitigation and GREED,
the ones who got us into this mess in the first place? Get the picture? Don't drink the KoolAid being passed around...
much like Jonestown, Guyana, this will not be a happy ending for many gullible believers.
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