Carl Spackler

The Greatest Short Sale in History

TARP is really TURD! All the intervention the FED is doing will just cause the economy to linger in negative economic growth for years instead of months. It is akin to pulling off a band aid one small millimeter at a time. We would be better off to let these things fall in one fell swoop and start the recover in 6 months. As it is, we will have this huge inventory of real estate at inflated levels that the government will sell off a little at a time. This will provide downward pressure for years and investors will avoid a market like this for quite a while. Instead of a V recovery, we get the infamous double dip recession courtesy of a FED that is too worried about the stock market crashing. Market contractions are a normal way of life and the FED trying to prevent them is like the Corp of Engineers trying to keep New Orleans dry!

History Suggests the Financial Bottom May Be Near

Reminds me of the character in Animal House who is yelling during the parade "everything is fine - everyone remain calm" while the riot ensues.