Gaucho

Economic Slowdown: Employment Holding Up Well

FXTADER is right. The government is lying. The Inflation rate is 5% and above while the government keeps saying it is 2.6%!!! I am not blind and do not believe that crap for one moment. We have had two back to back quarters of negative growth if the real numbers are plugged in.

The housing market continues to plunge at an accelerating rate. This will continue through at least 09. Keep believing that crap and buy financials and you will be bankrupt soon. Did anyone notice that credit card debt went up an astounding 5% in March alone! That is due to the resets on the ARMS and people using credit cards to prop up their finances. This cannot continue for more than 3-4 months before their finances hit the wall along with the economy. It is going to get much much worse. The FED cannot keep this up all year even if an election is on the way. They are blowing more money into the I BANKS than the Iraq war and they still will not lend to each other.