Wednesday, June 24, 2009

FED CONTINUES TO "PRINT MONEY" IN HOPES OF A NEW BUBBLE

GOOD LUCK...

BUT I THINK THE FED WILL GET IT'S HYPER-INFLATION EVENTUALLY...

IT APPEARS THAT THE ONLY REASON THE FED CAN PRINT SO MUCH MONEY...IS THAT SO MUCH "PHANTOM MONEY" HAS "DISAPPEARED" FROM THE BUBBLE ECONOMY...

THERE IS LIKELY MUCH LESS "NET WEALTH" ON BALANCE SHEETS NOW THAT BEFORE THE CRASH...

AND THE FED IS HELL BENT TO "PRINT" BACK THAT "PAPER WEALTH"...

SADLY MOST OF IT WILL GO TO THE BANKS...AND THE MEGA RICH...FIRST...!

LITTLE WILL TRICKLE DOWN TO THE REAL ECONOMY ANY TIME SOON...AND THAT COULD MEAN A LONG SLOW JOBLESS AND CONSUMERLESS RECOVERY...

THE ASSET BUBBLES ARE ALMOST A SURE THING HOWEVER... AT LEAST IN STOCKS AND OTHER PAPER LIKE BONDS...

REAL ESTATE COULD TAKE LONGER...