I believe a recession is unfolding in slow motion
it will see attempts to get off the matt
perhaps like right now
housing is the bulwark of our consumer economy
but it really doesnt address downward trending woes within technology factories
even as housing showed life and perkiness, consumer confidence is declining again
isnt it interesting how Consumer Confidence exhibits a hitch?
Feb showed a jump up, but March took it back with a move down
could it be a bear trap?
I learned a few years ago to regard any chart from technical perspective
whether Confidence, Housing Starts, NAPM mfg, Unemploymt Applns
dunno about ConsConfidence bear trap
with stocks having risen, I expect next month to show a rise in Confidence
people are buying the 2ndHalf Recovery Theory
I DONT BUY IT
now with a new job next week, and a signing bonus, and a few good trades in a row, my confidence has risen
heck, my father has arranged to fix me up with some dish former student (with two kids)
but that does not deter me from watching this recession as it unfolds slowly
GreenSnot now has embarked upon a last ditch approach
he wants to rescue the NewEcon and its productivity enhancing engines
and do so by ensuring no serious damage to OldEcon companies
it may succeed for a time
but Oldies are chock full of equipment, and NewEcon is chock full of inventory
sorry SnotNose, you screwed up and the whole world knows it
today some talking moronhead said "just the usual business cycle unfolding"
yeah right !!!
that cycle wouldve unfolded by itself last spring and summer in 2000
but needledick pencilneck Alan Douchebag had to SLAM THE BRAKES FOR 8 STRAIGHT MONTHS
by the way, the FedFundsRate is STILL 80-100 BASIS POINTS HIGHER THAN the 3-month TBill yield
THE FED IS STILL HITTING THE BRAKES, EVEN NOW
/ jw |
