Hello David, <<It isn't all gloom and doom....>> ... perhaps not, as I well realize, but for what the truth is versus the facts ... here is a
QUOTE clipped from the Blog's worldmarket.blogspot.com comment section:
RichL: FWIW, I listen to a great many company earnings calls, mostly in obscure names with little spin capability. The US economy is just fine now(for example: listen to TRN). With respect to mortgages, the banks are pushing ARMs to their customers, so with unsophisticated borrowers, what is sold is what gets bought.
Jay: Hi RichL, I believe everything is fine ... as long as housing keeps rising, and debt keeps getting larger at faster pace. But for some details of method / process, all is well.
Jay: RichL, I also believe everything would be fine in China ... as long as banks keeps loaning (which they are not) and infrastructure building is continued at ever grander scale (which they are not).
Jay: The clockwork that is powered by the matter / anti-matter energy of China / USA - production / consumption, enabled by Japan's wealth dissipation, is getting jammed, and not with marmalade.
UNQUOTE
<<Dreamliner>>
... is but another house in USA or another bridge in China or another savings account in Japan.
The feature about the big picture frame is that its confines are escape-proof, even when we twist and shout, zig and zag, dive, crouch, and try to get away :0)
Chugs, J |
