coolbreeze
10-30-2009, 03:52 PM
Except for one positive day the last few days, the market has once again been declining. Is this the beginning of a justified correction?
When one looks at the realities of the continued rise of unemployment, consumer spending continuing to spiral downward, the continued devaluation of the dollar, American's holding on to what cash they have left, the ballooning over valued stocks, along with the fiscal irresponsibility of the radical lunatics setting policy, my guess is yes.
The government falsely takes Americans for complete idiots. Case in point. The government Injects a few billion dollars into the economy by giving away cash to promote new car purchases. The result? The economy looks good for a month and the government continues to announce the worst is over. The problem is, all that cash is from bank bailouts, government handouts and was freshly printed and added to the deficit. It was all newly created cash, right out of thin air. A printing press fabricated Mirage is what our government wants you to believe is an actual economic recovery. I don't buy it. (no pun intended)
If our country's treasure was in a symbolic bank representing the health of the dollar today, and our economy, it would be a bank in flames with the badly needed water of fiscal responsibility nowhere to be found. Until that water is found, maybe in 2010, the flames will continue to spread with more hardships coming at us faster then a speeding comet.
http://www.mnblues.com/picjpg/fire1.jpg
When one looks at the realities of the continued rise of unemployment, consumer spending continuing to spiral downward, the continued devaluation of the dollar, American's holding on to what cash they have left, the ballooning over valued stocks, along with the fiscal irresponsibility of the radical lunatics setting policy, my guess is yes.
The government falsely takes Americans for complete idiots. Case in point. The government Injects a few billion dollars into the economy by giving away cash to promote new car purchases. The result? The economy looks good for a month and the government continues to announce the worst is over. The problem is, all that cash is from bank bailouts, government handouts and was freshly printed and added to the deficit. It was all newly created cash, right out of thin air. A printing press fabricated Mirage is what our government wants you to believe is an actual economic recovery. I don't buy it. (no pun intended)
If our country's treasure was in a symbolic bank representing the health of the dollar today, and our economy, it would be a bank in flames with the badly needed water of fiscal responsibility nowhere to be found. Until that water is found, maybe in 2010, the flames will continue to spread with more hardships coming at us faster then a speeding comet.
http://www.mnblues.com/picjpg/fire1.jpg