tallguy

Bear Market Over? Not So Fast

Good article Andy, and Obi-Wan nailed it.

Banking and real estate finance can't possibly sustain a market, as we have outsourced our jobs continuously and cut our manufacturing base, we have set the stage for the future.

The only way out of this mess that is sustainable is real job creation, not gov jobs, but real manufacturing jobs.

By the way, unemployment is already way over 10 percent, business owners who have lost their businesses, any contract labor, any consultant or 1099 filing previously working person does not show up in the unemployment numbers, only those who have a w-2 get that honor.

Eric in IL gets it, shuffling money around in banking and stocks can't sustain the world, and again, I repeat myself as none of the talking heads on TV or the rest of the media mention this other than in passing, real job creation is the ONLY sustainable way to fix this mess long term. It is called production.

Oh, and abolish the FED, the biggest scam in the history of the world.