Econ 101. All expert economists are nitwitts.
We have a bunch of losers out there claiming that recovery is here based upon the stock market.
Lets review. We had a mortgage crisis this time last year. All the derivatives and financial equations on those mortgages
collapsed after the newly elected congress forced Fannie Mae and Freddie Mac to loan money to those who had no business
owning houses qualifying for mortgages based upon a tax payer guaranty. And not 110 days days later all the financial houses
backing the bad business suddenly had no money.
The Stock Market earns profit to be sure and it earns profit on gain and loss. It earns money on hunches. But to think that folks are making profit
demands that they will invest to make profit they will pay more taxes on in pure absurdity.
Another interesting unmentioned reality that these jokers aren't mentioning in their expertise of coming recovery is this:
The Trophy Homes , which are days away from going to foreclosure is the newest problem that they hoped wouldn't come for their wisdom in the BAILOUT. But these foreclosures are coming and right after that, Commercial Properties are going to have loans called.
So what then another bailout? And who pays for that Bailout? Unemployed workers?
These nitwitts are suggesting that employment is a lag once recovery is reached. If this were a regular economy that would apply,
but this is no regular economy. Truth be told the experts are hoping that past trends work as they mention them in their expertise, but their expertise
is pathetic. Did they forget that representation of this government is also thinking of funding a universal health care bill?
Did these experts forget that for all the hope they put to a jobless recovery that someone has got to pay for this shit?
Government now controls banks, industry and possibly health care. These businesses were formerly operated by people who took risks for profit and when they made profit they employed people. Where are the jobs if Government is controlling these once private industries?
If there is no incentive to make a profit because of taxation, How likely is it for anyone to assume risk?
I mean come on folks! This isn't rocket science. And moreover we haven't even seen the worst of what we know from last year.
More extensive cost associated foreclosures are coming and the government is already hinting on another bailout, meanwhile we have idiot, nitwitt
experts talking shit.
Jobless Recovery?! If you believe this, than you deserve what is coming and if you are still in stocks making a profit, you'd better take that profit!
You have been warned!
You have been educated, or are you a wannabe expert?