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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject	3/24/2002 2:52:44 PM
From: Secret_Agent_Man	Read Replies (2) of 436258

The recession is over long live the recession. If the recession is over tell that to the millions of unemployed. We are witnessing a major disinformation campaign designed to convince the American consumer there never really was a recession. What we are seeing is a capital induced, interest free dead cat bounce. We are being told again we are in a new different economy and the rules have changed and the meaning of recession has as well. This is the same media, Wall Street and government that told you the market would go up forever and this time it would be different. Well, it won’t be different. Workers are still being laid off and what will vehicle manufacturers and retailers do when they are forced to stop giving interest free loans. Not only did we have a recession, but it hasn’t ended, it has been temporarily interrupted. The latest unemployment figures were a figment of Washington’s imagination. The next release will be closer to 6% than the fictitious 5.5%. GDP shrunk for only one quarter because the economy was overwhelmed by over $2 trillion fiat dollars from the FED, Fannie and Freddie. What do they now do for an encore when the liquidity affect wears off and the stock market plunges again? As Alan Greenspan told us, the economy is being led by giant productivity gains. Alan lied before and so has the government. The gains are 2-2.5% not what is being published. As you know your government almost never tells the truth. Confusing the recession issue or its existence is calculated to get the consumer to spend even more credit to keep the economy afloat. They would also have us believe that inflation and adjusted income rose during the recession. Tell that to retirees whose income dropped precipitously. The problem is the whole basis for synopsis is faulty. You can’t even compare one recession with another because government lies about everything. The situation has changed only temporarily, the recession is not over. Continue to liquidate debt and stay out of the markets except for very special situations, precious metal stocks and physicals, be short the market and stay in short term government paper.

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