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DL1947

DL1947
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  • QE: Just Another Wasteful Government Program [View article]
    QE2 is about repairing bank balance sheets that are about to take another huge hit with foreclosuregate , contrary to what is being said by its proponents it has little or nohing to do with reviving the economy , some honest regional FED president have almost said that much . The economy will recover on its own and at its own pace once the unfortunately but necessary slow process of deleveraging has been completed .
    Meanwhile the leaders will have nothing better to do than to amuse the crowds thereby hopefully keeping the crowd from focusing on the seriousness of the country actual situation ; look for more China bashing , more meaningless discussions on relatively small tax cuts and look for fanfare about new useless short term fixes that wont fix anything as the economy meanwhile muddles along on its own for another 4 to 7 years .
    Oct 12 04:19 AM | 4 Likes Like |Link to Comment
  • Trashed Real Estate, Soaring Gold [View article]
    QE2 is about 2 things :

    - debasing the currency because some believe that will bring back lost manufacturing jobs ( it wont )

    - repairing the banks balance sheet , they are going to take a huge hit with the foreclosure mess , and Obama thinks wrongly that they should not be allowed to fail

    It has little or nothing to do with kick-starting the economy , even some honest Fed regional president acknowledged it may not work

    Aren't we living in interesting times .
    Oct 9 10:59 AM | 2 Likes Like |Link to Comment
  • Consumer Metrics Growth Index: Current Contraction Is Worse Than Great Recession [View article]
    3rd Q GDP will read like + 1 ( end of October ) , but the 1st revision which comes after the mid-term elections , will be - 1 or worse .

    Honest reporting always takes a back seat to political imperatives
    Oct 4 10:28 PM | 4 Likes Like |Link to Comment
  • Note to FOMC: You Get What You Pay For [View article]
    QE1 was about repairing bank balance sheets , and guess what it is far from over , so why QE2 one may ask , to continue to repair bank balance sheets on the back of the taxpayers .But the FED cant say that so they hope we dont see through their little game and pretend that QE2 is about reviving the economy , that will not work but the FED cant care less because as far as the FED is concerned it is not what QE2 is all about .
    Sep 30 02:46 AM | 1 Like Like |Link to Comment
  • Bernanke Lied to Us [View article]
    So Bernanke lied to us ....isn't that what he's paid for ....being a cheerleader for the economy
    Sep 23 06:55 AM | 2 Likes Like |Link to Comment
  • New Supply Floods U.S. Housing Market [View article]
    Yes they vote , 2008 they vote a party out , 2010 they will vote it back in .......
    Sep 17 08:52 AM | 2 Likes Like |Link to Comment
  • Housing Is Nowhere Near Fixed [View article]
    Right on Karl .... again
    Sep 6 05:39 AM | 3 Likes Like |Link to Comment
  • Krugman: It's All Downhill From Here [View article]
    Krugman gets an A+ for analysis and E- for solutions
    Sep 6 05:32 AM | 26 Likes Like |Link to Comment
  • Charting Unemployment: The Bigger Picture [View article]
    no you are not wrong , but nothing wrong with hoping
    Sep 5 09:28 AM | Likes Like |Link to Comment
  • Russian Roulette, Stock Market Style [View article]
    GDP 2nd Q revision down from 2.4 to 1.6 , now can there be a clearer sign that the economy is in a V shape recovery ; I suggest sleeping with both eyes open and both feet on the ground if you are still in this stock market , the chances of the S&P correcting 20% are huge given the outlook on residential and commercial real estate for the foreseeable future ; and given the direction Europe is taking US exports cannot recover any time soon . Only one bullet in the barrel is lethal if you click 6 times .
    Aug 28 05:25 AM | 3 Likes Like |Link to Comment
  • The Election, Tax Cuts and Other Fantasies [View article]
    Gridlock in DC , finally the Government does nothing , the economy might finally improve ; remember how well things were going when Congress was busy with the President's sexual life and let the economy alone ; what we badly need is another major sex scandal , at least that is something elected officials are truly competent to analyse .
    Aug 25 11:06 PM | 1 Like Like |Link to Comment
  • Why Our 'Lost Decade' May Only Last 5 Years [View article]
    2012 recovery , the rosiest of scenarios , impossible , no , likely , definitely not , housing will not heal that fast and neither will employment , and counting on a mistake free government is simply not realistic ; excesses were huge , only a lot of time will permit to return to mean .
    Aug 25 05:49 AM | 4 Likes Like |Link to Comment
  • Things Are Only Going to Get Worse for Housing [View article]
    Excellent analysis , and only time , calculated in years not months ,
    will eventually solve the problem
    Aug 25 05:38 AM | 7 Likes Like |Link to Comment
  • Will Housing Woes Drag the U.S. Back Into Recession? [View article]
    Sure enough at some point ( sooner if the government stop to intervene at the rate it has been ) housing prices will hit bottom and the inventory will start to diminish ; some time after construction will resume and the economy will very slowly but surely start to grow again in a meaningful way ; but politicians are too impatient and their actions will delay this natural process , however given time market forces will trump political shortcomings ( it may take 6 to 7 years ) ; yes I would vote Republican if I could but not expect any miracles from their retaking charge in DC . Why cant I vote Republican in November , because they just wont let me , I am a Canadian .
    Aug 21 05:53 AM | 1 Like Like |Link to Comment
  • The Deflation Bogeyman [View article]
    The truth is that some assets will likely deflate ( housing , stocks ) while some inflate ( food , energy ) . So it is a mix , now over the next 2 years will it average up or down , not an easy guess , too many variables , all countries will try to devaluate their currencies which will result in some succeeding and some not , and those who wont succeed ( like the US ) will have a continued negative balance of payment ( more imports , less exports ) and their economy will sputter ( 3 to 5 more years ) .
    Aug 21 05:38 AM | 1 Like Like |Link to Comment
COMMENTS STATS
110 Comments
458 Likes