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Raise Your Hand If You Can See The Recovery
This may be a trick question (especially since it's not a question).
Presenting the year over year change in durable goods ex transports (aka Boeing's fully cancelable orders for flaming lithium- battery powered paperweights aircraft). All we say is we are so grateful for $160 billion in central bank QE each month (soon to rise to $200 billion once Goldman's Mark Carney spreads his tentacles in the Bank of England).
Source: Durable Goods report and/or St. Louis Fed
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Falak / Keith,
Maybe this is real and honest, but I'm totally leery of oil and snake-oil salesmen alike. "If it's too good to be true..."
You might say I'm from Missouri... "SHOW ME"!
Goldman's Bonuses have recovered....as they should be BANKRUPT!
Housing prices are recovering on Zero interest...of course there will be nowhere to go once they start falling again...something about people's wages falling. Of course the exception of FED funded Hamptons Housing...which is above bubble level.
When will the makers of the game Monopoly switch to including real dollars, euros or yen as they will be cheaper than the paper they are printed on?
Stacy Herbert said on Max Keiser that it cost 1100 tons of Paper Gold Naked Shorts to bring the physical gold price down and that was 50% global annual production. That now Asia is going mad to buy cheaper physical gold thanks to the Fed's generous subsidy.
Is this true ? Is there any rational control over the Fed in the US political system or have Americans simply decided to go on a kamikaze run ?
Hopium is a helluva drug.
Of course I see the recovery. Just not so much in the indebted Western economies. Was in S. Amer. a few weeks ago, and with the exception of Kirshner's Argentina, they are just humming along. Our aging population is not helping things.
Aside from all the suggestions above (some really good ones), I really think that we need to take a hard look at multi-generational housing. Thus cut costs for child care and elder care. And bring families closer together, rather than just talk about it.
p.s. The program is giving me grief in trying to upload a new moniker pic. Will wear the paper bag in shame for now.
Multi-generational housing yields results opposite to those sought by TPTB. Those oldsters might actually remember some real history and teach their grandchildren about the time when immigrants came to America and became true Americans via the melting pot. TPTB needs children to be ripped from the family's control and indoctrinated in those government-run preschools, grade schools, etc.
Can't brainwash the children when the parents and grandparents have control of them.
Economic Recovery is not possible because all the efforts of politicians, government, central banks etc are focused on saving banks instead of targeting job creation which is the only way economy can recover.
Jobs can be created by initiating the following :
Replace the top management of the too big to fail banks, put the existing ones in prison and charge them with fraud and misrepresentation. Break the banks into smaller ones so that they are no longer a risk to the whole financial system. Implement the Glass Stegall Act.
Use the reclaimed billions of dollars from the arrested bankers and use them to improve the infrastructure of the country. This would create jobs instantly and the improved infrastructure would give the confidence to the small businessman to hire more people.
Tax the richest 5% of the population heavily as they no longer create jobs in the country but outsource the jobs to the low cost developing nations. Stop completely the funding of election candidates by corporates and rich individuals so that their influence on politicians to make rules beneficial to themselves is clipped.
Stopping speculation and derivatives in commodity markets would reduce their prices substantially which would be beneficial to the majority of the population. This would lead to a better standard of living for the middle class families and they would go out and spend helping the revival of the economy.
But in the real world we can keep on dreaming.
http://www.marketoracle.co.uk/Article35345.html
www.letstalkmoney2012.in
you're beginning to sound like me!
You talk of government stepping in to stop the casino economy, tax the Oligarchy and bridle the TBTF, and kill all derivative plays to liberate the real economy.
FDR could not have said or done it otherwise.
But this government...
X Government deficit spending, X FED money printing stimulus and this chart goes into the crapper
X Government deficit spending, X FED money printing stimulus and this chart goes into the crapper
Recovery? Sure. Just click the heels of your shoes together three times and repeat- There's no place like home. There's no place like home. ...
FYI... the Commercial Real Estate is doing quite well in the US. A leading title company has had its people working overtime for over a year. The rich are busy buying & selling -- and refinancing at rock-bottom interest rates.
The title companies are raking in big fees, which are paid out in a VERY skewed to the top management -- that's busy supervising their minions who are bringing in the deal (big game hunters) and working the deal (preparing the meal).
Market levitation courtesy of EOM window dressing. It rolls over on May 6, if not before. 1-2 months tops of down before TPTB decide to juice/juice/juice.
I was going to say that the morons and shills trying to describe the non-recovery were like the 6 blind men feeling different parts of an elephant and coming up with no coherent conclusion, but now I think the blind men have a much better grasp of the elephant in the "room"