WELL THAT IS THE ISSUE...
THE REAL ECONOMY IS NOT RECOVERING AT ALL FROM THE MASSIVE CASH INFUSIONS ON WALL STREET...FROM THE FED AND TREASURY...
IF ANYTHING...ONLY THE STOCK MARKET HAS "RECOVERED"...ALLOWING SOME CEOS AND WALL STREET TYPES TO "CASH OUT" AT A HIGHER PRICE THAN THEY COULD HAVE GOT LAST FALL...
BUT NOW WHAT...?
NO ONE SEEMS TO KNOW...
PUSH MORE MONEY INTO THE BIG BANKS...AND THE WALL STREET BROKERS...THEY WILL ONLY BUY MORE STOCK WITH IT...
MEANWHILE MAIN STREET LANGUISHES....
NOTHING IS HAPPENING...
STOCK INFLATION IS NOT "TRICKLING DOWN" THIS TIME...
AND IT PROBABLY WON'T...THE DAMAGE TO THE AMERICAN RETAIL SUCKER WAS TOO GREAT.
THE STOCK MAGIC WILL NOT SAVE THE US ECONOMY THIS TIME...
BUT DON'T TELL BERNANKE...LET HIM FIND OUT ON HIS OWN.
