IF JUST PRINTING MONEY CAN END THE RECESSION...THEN THE RECESSION IS OVER.
IF YOU WANT JOBS AND CONSUMPTION...FORGET ABOUT IT FOR A COUPLE OF DECADES...
THE ONLY "SIGN OF RECOVERY" IS THE RESTORATION OF THE ASSET BUBBLE IN STOCKS...
THE HOPE APPARENTLY IS THAT THIS NEW BUBBLE WILL EVENTUALLY "TRICKLE DOWN" ...PER USUAL ...AS MORE CONSUMER SPENDING...VIA, FIRST THE BIG BANKS...THEN THE REGIONAL BANKS...AND FINALLY TO MAIN STREET...
BUT THE OLD "REFI TRICK" ON HOME EQUITY...TO PAY OFF CREDIT CARDS.... AIN'T COMIN' BACK ANYTIME SOON...
THE BANKS STILL HAVE THAT CRAP ON THEIR BOOKS...FROM THE LAST BUBBLE.
SO A SLOW JOBLESS...CONSUMER-LESS RECOVERY IS IN THE OFFING...
BUT HOW...?
WELL, CORPORATIONS CAN "MAKE THEIR OWN GRAVY" WITH THEIR NEW BERNANKE BUCKS...ESPECIALLY, ONCE THE STOCK BUBBLE GETS GOING AGAIN...AND THEY CAN "ISSUE STOCK"... IT'S LIKE PRINTING MONEY...!
SO THERE WILL BE LOTS OF M&A ACTION...AND OTHER ELITE FORMS OF "CONSUMPTION"...TO BRING GDP "POSITIVE"....
