Msrpaul

The Bull Is Sharpening His Horns

Yup. All the bad debt is miraculously written off, consumers can once again tap home equity to finance consumption their incomes can't support, unemployment has peaked at 4.9%, lenders are again relaxing their lending standards. The 4-month recession of 2007-2008 is now officially over! But the whispers from banks, car dealers, and oversupply of homes that lasts into 2010 are less important than the technicals. I'm gonna go out and buy a new car. I hear I'm approved.