forwoodenboats

Four Reasons We're Headed Even Higher

"***Just look at our national debt as a relation to GDP. The combine it with the consumer debt in relation to income.*** And then housing prices in relation to income has only corrected back to close to the norm...certainly not below."

The banks know that all these trillions for Porkulus, International (they have removed all current citizen verification checks, then voted down an (R) sponsored amendment to put them back) socialized health care, supporting terrorists (120 million for Hamas alone), Porkulus 2 (already being talked about, will it be written by the same self described communist Green Czar that wrote the last one?) not to mention repaying the Chinese (has the "transparent" govt. in history revealed the principle amount and terms for repayment?) are going to crush any chance of a legitimate recovery.
They are raising rates and slicing credit limits.
They know that there's only so long we can keep on piling on debt.
They know we will have to borrow money to make payments on borrowed money.
Look at California for the "recovery" that awaits us.
Their house of cards imploded, and the Fed probably has too - they're just not going to tell anyone until after the 2010 elections.



On Aug 28 08:32 AM dual cit wrote:

> This is like saying we are having great weather for the size of the
> town. Show us some real numbers. Just look at our national debt as
> a relation to GDP. The combine it with the consumer debt in relation
> to income. And then housing prices in relation to income has only
> corrected back to close to the norm...certainly not below. Commercial
> real estate has yet to hit the fan. Retailer J Crew has announced
> they are focusing on the catalog rather than opening more box stores.
> No...sorry Jason, I think we are simply recovering from extreme oversold
> levels. But what is going to drive it higher. John Mauldin has been
> right all along...we are in for a "muddle through econony"