Gina reader of history

Joblessness Drops? Hold the Applause

To all the below add in the huge lag in foreclosures there are people that have had the notice of default delivered then no further activity on it or payments made, WHY so the bank do not have to actually post the loss to the books so they hide both the defaulted loans as held to maturity (that will never pay) and their actual state of being bankrupt


On Aug 07 11:58 AM conceptwizard wrote:

> While there is much talk of a recovery on the horizon, commentators
> are forgetting some crucial aspects of the financial crisis. The
> crisis is not simply composed of one bubble, the housing real estate
> bubble, which has already burst. The crisis has many bubbles, all
> of which dwarf the housing bubble burst of 2008. Indicators show
> that the next possible burst is the commercial real estate bubble.
> However, the main event on the horizon is the “bailout bubble” and
> the general world debt bubble, which will plunge the world into a
> Great Depression the likes of which have never before been seen.
>
>
> There is still an enormous oversupply of housing, which means that
> the direction of house prices will almost certainly continue to be
> downward.” Foreclosures are still rising in many states “such as
> Nevada, Georgia and Utah, and economists say rising unemployment
> may push foreclosures higher into next year.” Clearly, the housing
> crisis is still not at an end.
>
> In May, Bloomberg quoted Deutsche Bank CEO Josef Ackermann as saying,
> “It's either the beginning of the end or the end of the beginning.”
> Bloomberg further pointed out that, “A piece of the puzzle that must
> be calculated into any determination of the depth of our economic
> doldrums is the condition of commercial real estate -- the shopping
> malls, hotels, and office buildings that tend to go along with real-
> estate expansions.” Residential investment went down 28.9 % from
> 2006 to 2007, and at the same time, nonresidential investment grew
> 24.9%, thus, commercial real estate was “serving as a buffer against
> the declining housing market.”
>
> At the end of March of 2009, Bloomberg reported that, “The U.S. government
> and the Federal Reserve have spent, lent or committed $12.8 trillion,
> an amount that approaches the value of everything produced in the
> country last year.” This amount “works out to $42,105 for every man,
> woman and child in the U.S. and 14 times the $899.8 billion of currency
> in circulation. The nation’s gross domestic product was $14.2 trillion
> in 2008.
>
> However, this “bailout bubble” that Celente was referring to at the
> time was the $12.8 trillion reported by Bloomberg. As of July, estimates
> put this bubble at nearly double the previous estimate.
>
> This is the real bubble, the debt bubble. When it bursts, and it
> will burst, the world will enter into the Greatest Depression in
> world history.
>

Is the GLD ETF Really Worth Its Metal?

lead bricks with a thin plating of gold and a depleted uranium core to get the mass up to snuff for a solid gold bar

Was Friday's Rally Just a Hedge Fund Short Squeeze?

smells like a double shot of PPT working with instant monopoly money

The Hedge Fund Hustle

a interesting reading project for you all go read up on the start of the great depression I know it isn't the same but their re many clear parallels between the late 20's - early 30's in what I an watching happen now if the ppt wasn't playing games it would be even starker but they cant stop what is going down only delay it and making the inevitable far worse than it need be