jbde

10 Reasons to Believe That We're in a Depression

GDP should be reported ex-stimulus.
Only then do you get the real numbers.

Most of what has been spent so far has 'preserved' government jobs - mostly at the state and local levels.

Who needs 3 city planners on the dole? Government layoffs are inevitable and tax payers will not stand for tax increases - even to support schools. Teacher layoffs are occurring and class sizes are increased for those who were lucky to keep their jobs.

Got your gun yet?

What Stories Aren't Being Told?

We are being setup for a huge fall in the markets as everything put in to makes things better fail. Most of the stimulus money so far has gone to the states to help bail them out especially as school started. But the layoffs of teachers is now unprecedented as stated have direverted funds to other 'more pressing' needs.

The sollar has essentially collapsed and even though, oil has not broken out above 75. Why? Because oil demand is falling. The dollar will rally and watch commodity prices fall. When?

Expect current rally to continue into Q3 reporting, then watch out as companies will again take every write-off they can in Q4.

Talk about liar loans [Alt-A], the real issue is liar valuation, where the banks now do not have to market assets to market, but to recovery.

When the big boys [GS] have sold into the public buying and have their shorts in hand, watch how fast the news will turn to doom and gloom from the happy days of recovery we have now.