Do their indicators take into fact the unsustainable massive government spending that is representing almost all of the turn up in indicators and not from the private sector?
They are becoming a little too optimistic. There are several indicators that must turn around before we can actually say we are out of this down cycle. Yes, there are signals that it may be coming to an end, but to say it is over at this moment is being blind to the facts.
I have been seeing flashbacks to Japan's rude awakening too. We have repeated some of their mistakes, though not all...
This WILL have a cost, particularly the propping up of major corporations. We have nothing quite like the bizarre commercial real estate valuations they are still carrying on their books, but then again we HAVE earmarked trillions of dollars of pork spending which will one day land plop on the economy, something they never did.
After looking at it a little sideways, the similarities ARE striking.
If Obama assigns an MITI Czar tomorrow morning, it will be scary.
LOL, and on the cover of this week's "TIME" magazine: "Out of work in America - why double digit employment may be here to stay."
Does sustained double digit employment sound like any sort of recovery to you?
Meanwhile, Obama and his Union cronies are trying to start a trade war. Depression II looking more and more like a lock every day. The only thing that's out of sync (at this point) is the stock market - and thank God for that!
If by recovery they mean fewer jobs, lower pay, and higher costs for basic life essentials, then yes, there are clear signs of recovery. Most people would think of an opposite definition but to each his own.
Stock Doc: With a near-term stop set at around $42.60, Gilead (GILD) has a nice risk-reward ratio. Unless it hits that stop, it could revisit $46/share
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Time to buy buy buy.
This WILL have a cost, particularly the propping up of major corporations. We have nothing quite like the bizarre commercial real estate valuations they are still carrying on their books, but then again we HAVE earmarked trillions of dollars of pork spending which will one day land plop on the economy, something they never did.
After looking at it a little sideways, the similarities ARE striking.
If Obama assigns an MITI Czar tomorrow morning, it will be scary.
On Sep 12 08:42 PM Michael Clark wrote:
> Watch Japan, think Japan...see America. Deflation decade coming.
"Out of work in America - why double digit employment may be here to stay."
Does sustained double digit employment sound like any sort of recovery to you?
Meanwhile, Obama and his Union cronies are trying to start a trade war. Depression II looking more and more like a lock every day. The only thing that's out of sync (at this point) is the stock market - and thank God for that!