Gary A

Commercial Real Estate Watch: Thoughts on Recent Institutional Transactions

This logic that everything will be great in two years is driving bulls on CNBC and driving those with rosy employment scenarios. I view this as a concerted effort to stop the depression by rosy talk. It is the same talk that David Lereah used to try to talk away the housing crash. That man was thoroughly shamed and discredited.

Since this talk never works why do they do it?

If they are interested in a recovery just forgive everyone's credit card debt and tell them to go spend their new found cash. Big banks don't take the place of the hurt consumer. They can't do anything but buy Bernanke's treasuries and pump up the stock market.