geewow's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/311393/comments http://seekingalpha.com/article/179907/comments?source=feed#comment-825265 825265
I do not foresee the market growing by this time next year. I see a major correction with market prices tumbling down and then, staying low. Of course, those trading smart can make money by reading the charts, but one must be fast and smart to know when to sell, and then, later buy.

My guess is that 2010 will look pretty bad beginning in April.

eye-on-washington.blog...]]> Tue, 29 Dec 2009 13:57:28 -0500
I do not foresee the market growing by this time next year. I see a major correction with market prices tumbling down and then, staying low. Of course, those trading smart can make money by reading the charts, but one must be fast and smart to know when to sell, and then, later buy.

My guess is that 2010 will look pretty bad beginning in April.

eye-on-washington.blog...]]> http://seekingalpha.com/article/179226/comments?source=feed#comment-816988 816988
The nation is producing less and less real things. Twitter produces nothing.

eye-on-washington.blog...]]> Tue, 22 Dec 2009 09:45:35 -0500
The nation is producing less and less real things. Twitter produces nothing.

eye-on-washington.blog...]]> http://seekingalpha.com/article/178729/comments?source=feed#comment-813096 813096
eye-on-washington.blog...]]> Fri, 18 Dec 2009 23:10:58 -0500
eye-on-washington.blog...]]> http://seekingalpha.com/article/178401/comments?source=feed#comment-808217 808217
What we have is a corporatoracy. The socialization of financial-"infestment" banking capitalism by this administration and Congress at the expense of the real economy shows that they are embedded is further creating too-big-to-fail oligarchs. It shows that paper-pushing "securitizers", and Wall Street infestment gamblers is more of a priority than to rebuild this nation's manufacturing sector.

eye-on-washington.blog... ]]> Wed, 16 Dec 2009 10:00:10 -0500
What we have is a corporatoracy. The socialization of financial-"infestment" banking capitalism by this administration and Congress at the expense of the real economy shows that they are embedded is further creating too-big-to-fail oligarchs. It shows that paper-pushing "securitizers", and Wall Street infestment gamblers is more of a priority than to rebuild this nation's manufacturing sector.

eye-on-washington.blog... ]]> http://seekingalpha.com/article/177954/comments?source=feed#comment-805688 805688
In addition, this economy is killing many American consumer habits. 2010 and 2011 maybe killers for millions of working people who may just downsize to simple cell phone devices. People will be hanging on to their desktops and laptops longer, in spite of the fast paced tech releases.

eye-on-washington.blog...]]> Mon, 14 Dec 2009 19:27:02 -0500
In addition, this economy is killing many American consumer habits. 2010 and 2011 maybe killers for millions of working people who may just downsize to simple cell phone devices. People will be hanging on to their desktops and laptops longer, in spite of the fast paced tech releases.

eye-on-washington.blog...]]> http://seekingalpha.com/article/177869/comments?source=feed#comment-803923 803923
He has embraced the financial investment banking crime syndicate bosses as if he was Tony Soprano. Where are the GS and AIG indictments? GS engaged in the fraudulent creation of funds, such as South Coast Funding Vlll, and Davis Square Funding Vll, which were insured by AIG, yet when GS was worried about AIG going down, they took out CDSs on AIG. This Daisy Chain fraudulent Ponzi scheme should have brought about the biggest investigation by Obama's Justice dept. of the century; but, it has been business-as-usual.

All I can think of is The Manchurian Candidate, but instead of the mother, we have the financial crime syndicate bosses.

eye-on-washington.blog...]]> Sun, 13 Dec 2009 13:45:33 -0500
He has embraced the financial investment banking crime syndicate bosses as if he was Tony Soprano. Where are the GS and AIG indictments? GS engaged in the fraudulent creation of funds, such as South Coast Funding Vlll, and Davis Square Funding Vll, which were insured by AIG, yet when GS was worried about AIG going down, they took out CDSs on AIG. This Daisy Chain fraudulent Ponzi scheme should have brought about the biggest investigation by Obama's Justice dept. of the century; but, it has been business-as-usual.

All I can think of is The Manchurian Candidate, but instead of the mother, we have the financial crime syndicate bosses.

eye-on-washington.blog...]]> http://seekingalpha.com/article/177009/comments?source=feed#comment-796276 796276 And then, there is the investor class who makes money by watching their computer screens 8 hours per day. The rest of us don't have that luxury.

eye-on-washington.blog...]]> Tue, 08 Dec 2009 11:32:40 -0500 And then, there is the investor class who makes money by watching their computer screens 8 hours per day. The rest of us don't have that luxury.

eye-on-washington.blog...]]> http://seekingalpha.com/article/176664/comments?source=feed#comment-795351 795351
eye-on-washington.blog... ]]> Mon, 07 Dec 2009 20:27:09 -0500
eye-on-washington.blog... ]]> http://seekingalpha.com/article/175885/comments?source=feed#comment-786868 786868
Bernanke has stuffed the investment-banking crime syndicate turkeys with lots of cash at zero percent "rent" so they can help him mop up Treasuries being sold off globally, as well as fattening their balance sheets so when the dollar falls to the bottom, these crime syndicate bankstas can write off their remaining toxic debts at rock bottom prices, while sitting on a huge pile of free cash. At that point, interest rates will rise. The carry trade is what is assisting the pushing up of commodities, as well as China stockpiling tons for future sell-offs.

However, if one wants to look at definitions, the fact remains that more hard times are coming. I believe our government, over the last 30 plus years, sold off the American citizen, and an act of financial-corporate-ec... treason has been committed against America creating one of our worst national security crises in the nation's history. The allowance of our economy to be destroyed, while more is on the way, should be the topic of Grand Jury investigations followed by long and hard prison terms.

eye-on-washington.blog...]]> Wed, 02 Dec 2009 14:55:57 -0500
Bernanke has stuffed the investment-banking crime syndicate turkeys with lots of cash at zero percent "rent" so they can help him mop up Treasuries being sold off globally, as well as fattening their balance sheets so when the dollar falls to the bottom, these crime syndicate bankstas can write off their remaining toxic debts at rock bottom prices, while sitting on a huge pile of free cash. At that point, interest rates will rise. The carry trade is what is assisting the pushing up of commodities, as well as China stockpiling tons for future sell-offs.

However, if one wants to look at definitions, the fact remains that more hard times are coming. I believe our government, over the last 30 plus years, sold off the American citizen, and an act of financial-corporate-ec... treason has been committed against America creating one of our worst national security crises in the nation's history. The allowance of our economy to be destroyed, while more is on the way, should be the topic of Grand Jury investigations followed by long and hard prison terms.

eye-on-washington.blog...]]> http://seekingalpha.com/article/174714/comments?source=feed#comment-773659 773659
eye-on-washington.blog...]]> Mon, 23 Nov 2009 13:27:33 -0500
eye-on-washington.blog...]]> http://seekingalpha.com/article/174714/comments?source=feed#comment-773644 773644
Consumers have seen the light and are saving more (holding on to cash in case of a personal disaster), paying down debt, since they can no longer afford the high interest rates, while reducing their spending as their wages appear flat, or declining in light of commodity prices inflating.

The market looks good now, but I surely believe it will not in the coming year of two. There is no such thing as a jobless recovery, especially as more and more jobs are disappearing.

eye-on-washington.blog...]]> Mon, 23 Nov 2009 13:20:13 -0500
Consumers have seen the light and are saving more (holding on to cash in case of a personal disaster), paying down debt, since they can no longer afford the high interest rates, while reducing their spending as their wages appear flat, or declining in light of commodity prices inflating.

The market looks good now, but I surely believe it will not in the coming year of two. There is no such thing as a jobless recovery, especially as more and more jobs are disappearing.

eye-on-washington.blog...]]> http://seekingalpha.com/article/174179/comments?source=feed#comment-770112 770112
The standard-of-living will fall even further. For those who do not want to really listen to your words, I surely hope they are NOT one step away from losing their jobs, or customers.

eye-on-washington.blog...]]> Fri, 20 Nov 2009 22:15:02 -0500
The standard-of-living will fall even further. For those who do not want to really listen to your words, I surely hope they are NOT one step away from losing their jobs, or customers.

eye-on-washington.blog...]]> http://seekingalpha.com/article/170419/comments?source=feed#comment-743302 743302
The article is a good read and lays out what is being hidden inside the mortgage banking market.

eye-on-washington.blog...]]> Tue, 03 Nov 2009 19:14:07 -0500
The article is a good read and lays out what is being hidden inside the mortgage banking market.

eye-on-washington.blog...]]> http://seekingalpha.com/article/170743/comments?source=feed#comment-743284 743284
This is no economic recovery strategy, but more of the same bankster theft.

eye-on-washington.blog...]]> Tue, 03 Nov 2009 19:04:00 -0500
This is no economic recovery strategy, but more of the same bankster theft.

eye-on-washington.blog...]]> http://seekingalpha.com/article/167565/comments?source=feed#comment-723348 723348
Our government is the board of directors for this economic crime syndicate, and Congress is the where all the stackholders reside.

Until this is broken, nothing will change except the quality of life in this nation.

eye-on-washington.blog...]]> Wed, 21 Oct 2009 09:46:37 -0400
Our government is the board of directors for this economic crime syndicate, and Congress is the where all the stackholders reside.

Until this is broken, nothing will change except the quality of life in this nation.

eye-on-washington.blog...]]> http://seekingalpha.com/article/166269/comments?source=feed#comment-715042 715042
Consumers are dried up. There will be no real growth. The dollar falls, and wages fall, too. The American worker has been thrown overboard in order for the investment banker thieves to be given the life preservers. If wages become third world, the country will be third world, as well. In-surplus nations are likely to go elsewhere to invest once the US consumer really stays home with their worth-less cash.

Bernanke's strategy seems to be to support and re-enrich his oligarchian pals in the banks, and give his middle finger to main and side street America.

eye-on-washington.blog...]]> Wed, 14 Oct 2009 11:29:42 -0400
Consumers are dried up. There will be no real growth. The dollar falls, and wages fall, too. The American worker has been thrown overboard in order for the investment banker thieves to be given the life preservers. If wages become third world, the country will be third world, as well. In-surplus nations are likely to go elsewhere to invest once the US consumer really stays home with their worth-less cash.

Bernanke's strategy seems to be to support and re-enrich his oligarchian pals in the banks, and give his middle finger to main and side street America.

eye-on-washington.blog...]]> http://seekingalpha.com/article/163936/comments?source=feed#comment-696827 696827
Karl, unfortunately nothing will change as a commenter had stated, "Until the educated classes reach a 40% underemployment rate, nothing will change." I agree.

Instead of looking out for the greater good of our nation, and its economic national security, those that are getting by OK sit back because they feel they still have "theirs" in their pocket. Once they lose "theirs" the nation's pain will be horribly severe.

China will no doubt feel the pain of their unsustainable stimulus program. Unless their own people begin buying their over-supply of stuff, since we have cut back our purchases, they will feel the pain, as well.

Thanks for your honest writing!!!]]> Wed, 30 Sep 2009 10:56:02 -0400
Karl, unfortunately nothing will change as a commenter had stated, "Until the educated classes reach a 40% underemployment rate, nothing will change." I agree.

Instead of looking out for the greater good of our nation, and its economic national security, those that are getting by OK sit back because they feel they still have "theirs" in their pocket. Once they lose "theirs" the nation's pain will be horribly severe.

China will no doubt feel the pain of their unsustainable stimulus program. Unless their own people begin buying their over-supply of stuff, since we have cut back our purchases, they will feel the pain, as well.

Thanks for your honest writing!!!]]> http://seekingalpha.com/article/162634/comments?source=feed#comment-686072 686072
"Please, no more negativity toward banks...they are here to say as much as you'll wake up tomorrow. So we better deal with the fact that they will turnaround, and will serve hundreds of millions of customers, like always..."

Pay off debt, and save your precious cash! You may need it! Downsize your lives and live more simply. Give up the consumer desires and buy what you comfortable need. Take a risk with your cash if you can create a widget of some sort that will supplement your earners.

The banks have been recapitalized off the backs of our working people. Monetized Treasury bonds and bills are being converted into debt that has been freely passed out in abundance without careful scrutiny or oversight. Bernanke does not even know the where, who and how his loans to foreign central banks have gone. And if so, won't say. He dishes out threats of market instability if he reveals his loan recipients. This is an economic crime syndicate!

Zero percent interest loans to banks and broker dealers, which then turn around and buy Treasuries for a profit and gamble in the market protecting Bernanke's ass have been jacking up stock and commodities prices (manipulation). This has been Bernanke's backdoor deal. There is plenty of liquidity but it is being used for the banker's personal use.

So, don't complain about the banks because they are here to stay? What a "cop-out". That is like saying don't go to a doctor because eventually you'll die. These banks need controls, supervision, and oversight. Bernanke needs to be audited and this action of the government selling off our nation's wealth to the Fed, turning it into unregulated monetized debt, so we can buy it back with interest is a complete dope-slap.

I say get the hell out of the market and teach these jerks a lesson. Take your cash out of the manipulated game, and place it in your local and regional banks. Pay off your debts! These market manipulators (Bernanke, Geithner and Obama) will then see exactly that the average investor means business when he/she demands reform NOW.

eye-on-washington.blog...]]> Tue, 22 Sep 2009 09:49:45 -0400
"Please, no more negativity toward banks...they are here to say as much as you'll wake up tomorrow. So we better deal with the fact that they will turnaround, and will serve hundreds of millions of customers, like always..."

Pay off debt, and save your precious cash! You may need it! Downsize your lives and live more simply. Give up the consumer desires and buy what you comfortable need. Take a risk with your cash if you can create a widget of some sort that will supplement your earners.

The banks have been recapitalized off the backs of our working people. Monetized Treasury bonds and bills are being converted into debt that has been freely passed out in abundance without careful scrutiny or oversight. Bernanke does not even know the where, who and how his loans to foreign central banks have gone. And if so, won't say. He dishes out threats of market instability if he reveals his loan recipients. This is an economic crime syndicate!

Zero percent interest loans to banks and broker dealers, which then turn around and buy Treasuries for a profit and gamble in the market protecting Bernanke's ass have been jacking up stock and commodities prices (manipulation). This has been Bernanke's backdoor deal. There is plenty of liquidity but it is being used for the banker's personal use.

So, don't complain about the banks because they are here to stay? What a "cop-out". That is like saying don't go to a doctor because eventually you'll die. These banks need controls, supervision, and oversight. Bernanke needs to be audited and this action of the government selling off our nation's wealth to the Fed, turning it into unregulated monetized debt, so we can buy it back with interest is a complete dope-slap.

I say get the hell out of the market and teach these jerks a lesson. Take your cash out of the manipulated game, and place it in your local and regional banks. Pay off your debts! These market manipulators (Bernanke, Geithner and Obama) will then see exactly that the average investor means business when he/she demands reform NOW.

eye-on-washington.blog...]]> http://seekingalpha.com/article/162334/comments?source=feed#comment-685700 685700
When the market begins to drop, it will be quick. Investors will be taking a big hit. Unless you are very vigilant in monitoring your portfolio, I would be very nervous.

eye-on-washington.blog...]]> Mon, 21 Sep 2009 21:17:23 -0400
When the market begins to drop, it will be quick. Investors will be taking a big hit. Unless you are very vigilant in monitoring your portfolio, I would be very nervous.

eye-on-washington.blog...]]> http://seekingalpha.com/article/158131/comments?source=feed#comment-647141 647141
eye-on-washington.blog...]]> Wed, 26 Aug 2009 10:13:54 -0400
eye-on-washington.blog...]]> http://seekingalpha.com/article/158188/comments?source=feed#comment-647111 647111
eye-on-washington.blog...]]> Wed, 26 Aug 2009 10:06:47 -0400
eye-on-washington.blog...]]> http://seekingalpha.com/article/157385/comments?source=feed#comment-640626 640626
Beranke's latest crow that the economy is improving is so weak I cannot believe that the stock market rallied on such crap. There is no proof!

Americans are saving hundreds of billions of their incomes. When Americans save, they spend less. By spending less, commercial real estate begins to collapse. When that occurs more people lose their jobs and homes go into foreclosure.

We should have Bernanke say next that summer will last 3 more months. The market will rally again.

eye-on-washington.blog...]]> Fri, 21 Aug 2009 20:25:59 -0400
Beranke's latest crow that the economy is improving is so weak I cannot believe that the stock market rallied on such crap. There is no proof!

Americans are saving hundreds of billions of their incomes. When Americans save, they spend less. By spending less, commercial real estate begins to collapse. When that occurs more people lose their jobs and homes go into foreclosure.

We should have Bernanke say next that summer will last 3 more months. The market will rally again.

eye-on-washington.blog...]]> http://seekingalpha.com/article/156747/comments?source=feed#comment-636452 636452
What is wrong with the US government is that that don't want to take a lesson from the Canadians. Canada is like the youngest sibling in a family of three. They tend to watch what the other two did wrong, and how they related to their parents, ie. other nations, and then, do it better, and with more sense.

Mr. Dorsch, are you REALLY George Clooney in disguise? :)

eye-on-washington.blog... ]]> Wed, 19 Aug 2009 11:02:06 -0400
What is wrong with the US government is that that don't want to take a lesson from the Canadians. Canada is like the youngest sibling in a family of three. They tend to watch what the other two did wrong, and how they related to their parents, ie. other nations, and then, do it better, and with more sense.

Mr. Dorsch, are you REALLY George Clooney in disguise? :)

eye-on-washington.blog... ]]> http://seekingalpha.com/article/154943/comments?source=feed#comment-624126 624126
China is over produced and over stocked. They don't really care. They hope then that they could sell the stuff domestically. They could sustain such a policy for several years before their economy falters and slows with unemployment and more.

eye-on-washington.blog...]]> Mon, 10 Aug 2009 19:23:01 -0400
China is over produced and over stocked. They don't really care. They hope then that they could sell the stuff domestically. They could sustain such a policy for several years before their economy falters and slows with unemployment and more.

eye-on-washington.blog...]]> http://seekingalpha.com/article/154976/comments?source=feed#comment-624117 624117
If you have a boat with 600,000 holes sprouting leaks every month, but then, only 247,000 leaks begin to occur, the boat is still taking on water. Unless there are more plugs to patch the holes, water will eventually drown the boat. All the stock market bets you make, will not fix it.

Foreclosures are continuing. And, the toxic debt the investment banks, all tied to a 33% decline in the housing market, have not been exposed on the balance sheets of these actually dead banks gambling with Bernanke GreenBacks as a way to remain in the lifeboat while a tsunami wave sits idle in their wake. Remember, Bernanke took on this debt, and now it is really worth-less.

Working Americans are living on the edge of collapse. Their retirement savings are lost forever because they have no expendable cash to buy back in, therefore, the market cannot sustain with the Bernanke Smoke and Mirrors Free Money for Investment Banking Crowd.

Consumer spenders are living on debt plastic. That will not sustain. The US economy is substantially shrinking, constricting, unable to buy a $1T in Chinese goods per year. As was said in the above piece: You take the foundation bricks out of the building and move them up toward the new construction, look out everywhere!

China has now over-bought commodities, so those prices will fall. The Baltic Dry Index is a non-manipulative indicator. That index says shrinkage and stagnation.

The stock market is manipulated, therefore, to be able to evaluate it is impossible. One can lose big time. Bernanke cannot keep printing paper based upon nothing.

China can continue to print currency because they have lots of stuff to back it up!! Wake up folks. They are not the US. They have more gold, more commodities and more industrial production than any country on the globe.

Watch out! We may just see another war to inflate the economy. Be prepared for such a terrible solution.

eye-on-washington.blog...]]> Mon, 10 Aug 2009 19:12:43 -0400
If you have a boat with 600,000 holes sprouting leaks every month, but then, only 247,000 leaks begin to occur, the boat is still taking on water. Unless there are more plugs to patch the holes, water will eventually drown the boat. All the stock market bets you make, will not fix it.

Foreclosures are continuing. And, the toxic debt the investment banks, all tied to a 33% decline in the housing market, have not been exposed on the balance sheets of these actually dead banks gambling with Bernanke GreenBacks as a way to remain in the lifeboat while a tsunami wave sits idle in their wake. Remember, Bernanke took on this debt, and now it is really worth-less.

Working Americans are living on the edge of collapse. Their retirement savings are lost forever because they have no expendable cash to buy back in, therefore, the market cannot sustain with the Bernanke Smoke and Mirrors Free Money for Investment Banking Crowd.

Consumer spenders are living on debt plastic. That will not sustain. The US economy is substantially shrinking, constricting, unable to buy a $1T in Chinese goods per year. As was said in the above piece: You take the foundation bricks out of the building and move them up toward the new construction, look out everywhere!

China has now over-bought commodities, so those prices will fall. The Baltic Dry Index is a non-manipulative indicator. That index says shrinkage and stagnation.

The stock market is manipulated, therefore, to be able to evaluate it is impossible. One can lose big time. Bernanke cannot keep printing paper based upon nothing.

China can continue to print currency because they have lots of stuff to back it up!! Wake up folks. They are not the US. They have more gold, more commodities and more industrial production than any country on the globe.

Watch out! We may just see another war to inflate the economy. Be prepared for such a terrible solution.

eye-on-washington.blog...]]> http://seekingalpha.com/article/154681/comments?source=feed#comment-621003 621003
Be prepared for a very different America.

eye-on-washington.blog...]]> Sat, 08 Aug 2009 11:29:54 -0400
Be prepared for a very different America.

eye-on-washington.blog...]]> http://seekingalpha.com/article/153590/comments?source=feed#comment-616027 616027
We have a personal debt bubble growing and will break. The economy is unsustainable. Exports-ie. ISM data is due to a low dollar value making products affordable overseas, yet domestic earnings are weak forcing workers to save, pay down debt, and limit purchases.

Corporate earnings will continue to shrink. And, the Chinese bubble will eventually explode increasing the number of their unemployed and destroying the ever expanding home price values in China (1-3% per week!).

eye-on-washington.blog...]]> Wed, 05 Aug 2009 09:24:52 -0400
We have a personal debt bubble growing and will break. The economy is unsustainable. Exports-ie. ISM data is due to a low dollar value making products affordable overseas, yet domestic earnings are weak forcing workers to save, pay down debt, and limit purchases.

Corporate earnings will continue to shrink. And, the Chinese bubble will eventually explode increasing the number of their unemployed and destroying the ever expanding home price values in China (1-3% per week!).

eye-on-washington.blog...]]> http://seekingalpha.com/article/153552/comments?source=feed#comment-615999 615999
eye-on-washington.blog...]]> Wed, 05 Aug 2009 09:10:44 -0400
eye-on-washington.blog...]]> http://seekingalpha.com/article/153555/comments?source=feed#comment-615991 615991
What we have here are many people walking a field of time bombs only seeing how pretty the flowers are!

People have to eat! Food is the last personal gift people are able to give themselves. Aldi's Foods is doing very well, too. Both ends of the food spectrum can exist profitably in this economic downturn based upon one's income bracket.

Smith and Hawken has closed its doors completely after 30 years serving the middle and upper class garden crowd. Remember, gardening is the nation's number one hobby, and this quality business is completely finished!

There is a dramatic shrinkage in this economy that will NOT be coming back. It is over, folks. Many of these jobs are NOT coming back.

The data in this article is in-your-face data, but there appears to be several who don't want to face it. The recovery is an illusion. Credit card debt, which is fueling summer spending continues to balloon.

The derivative debt continues to be the elephant in the room. It cannot be ignored. It has to be written down eventually. Huge losses are in sight.

eye-on-washington.blog...]]> Wed, 05 Aug 2009 09:05:23 -0400
What we have here are many people walking a field of time bombs only seeing how pretty the flowers are!

People have to eat! Food is the last personal gift people are able to give themselves. Aldi's Foods is doing very well, too. Both ends of the food spectrum can exist profitably in this economic downturn based upon one's income bracket.

Smith and Hawken has closed its doors completely after 30 years serving the middle and upper class garden crowd. Remember, gardening is the nation's number one hobby, and this quality business is completely finished!

There is a dramatic shrinkage in this economy that will NOT be coming back. It is over, folks. Many of these jobs are NOT coming back.

The data in this article is in-your-face data, but there appears to be several who don't want to face it. The recovery is an illusion. Credit card debt, which is fueling summer spending continues to balloon.

The derivative debt continues to be the elephant in the room. It cannot be ignored. It has to be written down eventually. Huge losses are in sight.

eye-on-washington.blog...]]> http://seekingalpha.com/article/149837/comments?source=feed#comment-596378 596378
China will eventually have to stop buying Treasurys when their stimulus bubble breaks and millions are unemployed and their own housing bubble explodes. The world is in a contraction and the bottom has not yet occurred. The global GDP has been carried by China. The American consumer will continue to contract their spending. The DOW will drop below 8000, and likely below 7000. There are no binders to hold the recipe together. It is an illusion.]]> Tue, 21 Jul 2009 09:43:05 -0400
China will eventually have to stop buying Treasurys when their stimulus bubble breaks and millions are unemployed and their own housing bubble explodes. The world is in a contraction and the bottom has not yet occurred. The global GDP has been carried by China. The American consumer will continue to contract their spending. The DOW will drop below 8000, and likely below 7000. There are no binders to hold the recipe together. It is an illusion.]]>