A LOT OF THESE NEWSLETTERS ARE SEEING THE SAME THING THAT GLOOM AND DOOM SEES EVERYDAY ONLY G&D DOESN'T CHARGE A SUBSCRIPTION FEE...
THE DIE IS PRETTY MUCH CAST FOR THE ECONOMY AND THE MARKETS...
THE FED IS SUPPORTING WALL STREET WITH EVERY KNOWN MONETARY DEVICE...AND THE REAL ECONOMY IS CHUGGING ALONG AT ABOUT 5 MILES PER HOUR...DESPITE THE FED HAVING THE PEDDLE TO THE METAL...AND THE ENGINE IS WHINING OMINOUSLY...
WHAT HAPPENS NEXT...? WELL...THE ECONOMIC ENGINE IS GOING TO BLOW APART...ONLY KNOW ONE KNOWS WHAT WILL HAPPEN FIRST...WILL THE FLY WHEEL COME OFF...WILL A ROD COME THROW THE ENGINE BLOC...? WILL THE TRANSMISSION FALL OFF...? TAKE YOUR CHOICE...
THE REAL ECONOMY IS NOT COMING BACK THIS TIME BECAUSE "THE BUBBLE" HAS NOT BEEN "TRANSMITTED" TO THE REAL ECONOMY...AND LIKELY IT CAN'T BE...
THE DIVISION BETWEEN WALL STREET WHICH IS "FLUSH WITH CASH" AND MAIN STREET WHICH CAN'T GET A LOAN FOR ANYTHING...IS STARK...
CURIOUSLY THE FED IS NOT ONLY FINANCING WALL STREET...BUT ALSO THE ASIAN ECONOMIES..ALL THAT MONEY ON CORPORATE BALANCE SHEETS IS BEING SPENT...BUT IN CHINA AND IN ASIA...NOT IN THE US...
THE STANDARD CEO LINE IS.."WE ARE SPENDING...JUST NOT IN THE US..." AND THAT IS ADMITTED USUALLY WITH SOME HESTIATION...
THE OBAMA UNEMPLOYMENT EXTENTION...HARD WON BY GIVING BILLIONAIRES EVERYTHING THEY WANTED...WILL RUN OUT SOON...AND BY THEN THE NEED FOR A GENERALIZED WELFARE STATE IN AMERICA WILL BE OBVIOUS...
THE NEXT SHOES TO FALL WILL BE THE STATE GOVERNMENTS...CALIFORNIA IN PARTICULAR WENT BROKE LAST WEEK...BUT EVERYONE IN THE MEDIA IGNORED IT BECAUSE IT DID NOT "FIT THE RECOVERY NARRATIVE" THAT THE MSM IS PUSHING...
FOX IS TOTALLY DISORGANIZED...THE TEABAGGERS HAVE BEEN DUMPED...SORRY BUBBA...YOU'RE NOT NEEDED ANYMORE...FOX REPUBLICANS WILL HANDLE THE SITUATION FROM NOW ON...PUT AWAY THE "FUNNY HATS"...UNTIL 2012...! WHAT SUCKERS THE TEABAGGERS WERE...!!
SO WE DRIFT ... CRISIS AVERTED FOR ANOTHER WEEK...OR MONTH... BUT NOTHING IS BEING SOLVED...INDEED...THE FUNDAMENTALS ARE GETTING WORSE BY THE DAY...BUT NOT FOR THOSE WITH EASY ACCESS TO THE FEDS NEW PRINTED MONEY...
