Enjoy the Great Relief for the meantime

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Subprime JD's picture
Subprime JD
Status: Platinum Member (Offline)
Joined: Feb 17 2009
Posts: 562
Enjoy the Great Relief for the meantime

The latest data shows that the US economy has stabilized. Initial jobless claims have dipped to the low 430's. ISM popped to 59.5. GM auto sales popped 22% yoy. Government hiring is going to explode higher for the next yr. Even private payrolls are set to increase for the next few months. This is all the effect of gov deficit spending and money printing. The great depression II has been stopped in its tracks for the time being. Many were suprised to see the gov react in such a strong and powerful way.

The bailouts and subsidies are everywhere. State bailouts, medicare forgiveness for states. Extended unemployment insurance, suspension of mark to market rules has allowed banks to not foreclose on people right away, allowing many to live rent free for up to 30 months. Jobs bills, stimulus bills, prepackaged bankruptcies of GM, Chrystler allowed them to get right back to work. The point being that things will look and feel like they are ok for some time. I accurately foresaw this last yr when the money printing when into full swing.

Even the US gov debt levels arent THAT high compared to many other countries. US marketable debt is at 8.2 trillion. This will continue to rise until it no longer can. Its anyone's guess when the level of breakdown is reached. What if the marketable debt reaches $16 trillion and the country is still operating rather ok?

This is what im saying. The great relief can last for alot longer than many originally thought. This gives us more time to prepare and to enjoy "life" as it is right now. For those that are unemployed it must be a nightmare. I hope that things get better for those individuals.

land2341's picture
land2341
Status: Gold Member (Offline)
Joined: Aug 20 2009
Posts: 402
Re: Enjoy the Great Relief for the meantime

It is all symbolic interactionism,  if enough people clap hard enough we can all fly.

Subprime JD's picture
Subprime JD
Status: Platinum Member (Offline)
Joined: Feb 17 2009
Posts: 562
Re: Enjoy the Great Relief for the meantime

That, and the fact that we are setting ourselves up for a much bigger disaster. Going trillions more into debt to avoid present pain.

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