With unemployment UP, incomes DOWN, industrial production DROPPING, credit CONTRACTING
.....where exactly are the "green shoots" of recovery coming from I wonder?
Promises and prettily printed paper do not offer much real substance. Sure, the Fed is printing money as fast as it can, and Congress is spending money as fast as it can...but this is all money we do not have, must borrow, and pay interest on.
With their usual inaccuracy, perhaps the lapdog MSM either:
a. Rewrote reality to curry continued favor with Dear Comrade Reader, or
b. Just got it wrong (shocka, huh?) and instead of saying "green shits" said "green shoots" instead.
- Both are equally plausible.
Meanwhile, people are running away from the dollar.
- One year ago on Friday 06 Nov 2008 the NYMEX gold spot price was $731.20 an ounce. THIS Friday 06 Nov 2009 the NYMEX gold spot price closed at $1,096.60. The dollar has moved inversely to this, and US Treasury instruments sure cannot claim this kind of return nor can the equities markets.
Monday, 9 November 2009
Green..................from Rico
From WellyWanger at 08:14
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