k_denninger

Ben Bernanke's Fed Offers Investors False Reassurance

I agree entirely.

I've been following this on my blog at market-ticker.denninge... for quite some time.

The same-store sales picture is not unexpected. All you had to do is read the credit card issuer's financials during earnings season, then the credit report.

Duh. The home ATM machine is closed, so now we're charging up the credit cards.

That ends badly - very badly - when the consumer bangs up against his credit limit and can't refi it into the house any more!