hopespringseternal

U.S. Growth Probably Now at 4.5 Percent

Would love to see an analysis of the jobs lost vs. jobs created.

Replacing a job that paid 50K+ a year with two jobs that each pay 10-15K a year is not exactly a reason to stand up and cheer, IMHO.

Throwing in the Towel on This Market?

I can't help thinking that the traditional thinking about what a "bottom" might be, is informed by a paradigm that was built upon the mix of credit and derivatives over the past decade.

Isn't is true that the "deleveraging" still has a long way to go? Credit card debt, unsecured lines of credit, car loans, business loans, "prime" mortgages, margin calls, and so on, all still have to endure the tsunami of selling that is accompanied by "stopping the music" in the game of musical chairs.

There is nothing in it for institutions and investment banks to truly disclose their exposure all at once, because of course that would give all investors "perfect information" with which to value their stocks properly (which in turn would give most people a heart attack).

Therefore, my conclusion (sadly) is that we will see more bad news, at the maximum rate at which the pros who still hold anything, think we all in the public arena can stand it. Yikes.

Best of luck and good wishes to all and may the force be with you :-).