Monday, October 19, 2009

KRUGMAN: BERNANKE HAS HIS ASSET BUBBLE...BUT NOT MUCH ELSE

THE SPECULATORS ARE BACK...

BUT MAIN STREET IS IN THE TOILET...

WORSE...THE "JOBS" AIN'T COMIN BACK...THEY ARE IN CHINA TO STAY...

AND WHAT JOBS ARE THEY TALKING ABOUT...THE MORTGAGE JOBS...THE REAL ESTATE JOBS...

SURELY NOT MANUFACTURING...OR NOW EVEN RETAIL....

SIMPLY PUT THE US ECONOMY IS A TOXIC ENVIRONMENT FOR "REAL JOBS"...AND THEY ARE NOT COMING BACK ANY TIME SOON...

WHEN WILL THE PEOPLE REALIZE THIS...?

PERHAPS AFTER NEXT MONTHS JOBS NUMBER...OR IN THE SPRING...WHEN?

THIS RECOVERY HAS BEEN CONFINED TO ONE OR TWO BIG INVESTMENT BANKS...

AND NO ONE ELSE...