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Politics : President Barack Obama
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To: RetiredNow who wrote (111145)3/15/2012 5:59:18 PM
From: tejek  Read Replies (1) of 149317
 
I know it's extremely tough to believe this, but we are seeing the last gasps. Think of this as something akin to 2000 or 2007. It may go up further, but a sharp and painful correction is not too far away. I believe we'll see it sometime this year. I believe the likelihood is very high we see it sometime in the next 2-3 months.


You believe that because you are only looking at your ideology. You are not looking at the facts; what's happening on the ground. A solid recovery is underway. Industry got real lean during the recession; their profit margins are high, and they are making money hand over fist. In the meantime, employers have stretched their employees..........they have no recourse but to hire more.

The ONLY thing keeping all of this alive is the extraordinary actions and jawboning coming from the Fed. The free market fundamentals are terrible and would have corrected everything long ago without this massive stimulus. In the long run, the free market always wins, but after the free market, there is no more powerful force than the Fed. So they are playing all their cards and propping things up for awhile. But the mathematics dictates it simply can't last. This kind of action always ends in tears. Historically, it has always been so.

Scheisse, MM. The Feds started the action.......it now has a life of its own.
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