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  • Closing Update: Stocks String Together 3 Straight Wins, Commodities Gain [View article]
    The thing that I find incredible is all the talk about inflation. Consumers aren't borrowing - they are paying down debt which is deflationary. Banks are deleveraging, unemployment is high, asset prices except equities are falling, capacity utilization is horrible...

    If we have inflation there is going to have to be a recovery first.

    On Sep 08 04:58 PM enigmaman wrote:

    > consumers reduced credit borrowing by 21.6 billion in the month of
    > June, economist predicted the number to be 4 billion so the economic
    > geniuses who tell us what to expect from the future missed by a factor
    > of 5, what else might they have gotten wrong about the economic recovery,
    > for one thing if they are waiting for the consumer to return they
    > will have to wait a lot longer then they expected, multiple by 5
    > the number of months they had anticipated the return of the consumer
    > and then maybe we will be dealing in reality, this sobering consumer
    > stat has to do something to make the market pause and ask, WHAT!
    Sep 08 17:16 pm |Rating: +4 0 |Link to Comment
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