TC3013

Seven Reasons Doug Kass Is Wrong About the Economy

This is why the market is going up right now. Clueless idiots like this think that this is just a normal recession and will always recover quickly. The only thing that has recovered (for now) is the stock market. The real economy is still getting worse and about to fall off a cliff again. The consumer is over leveraged and has no buying power. Many states are broke, taxes are going to rise big time to support our socialist president. Our banks are still insolvent with hundreds of billions in bad loans on the books with a new wave of option arm loan defaults hitting next year. No mention of this in his analysis.
Yes we will recover sometime, but it could/will be years from now. Look at Japan, there stock market had many sharp rallies after the collapse and 10, 15 years later it was still lower.