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The Recovery Has Reversed Course Welcome to the Revocery
invite response
2013 Sep 11, 12:38am 42,070 views 81 comments
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smaulgld
2013 Sep 13, 1:44am
Do you think Bank of America understands what is happening?
http://finance.yahoo.com/news/bofa-american-economy-doesnt-accelerate-132041458.html
Do you think Bank of America understands what is happening?
http://finance.yahoo.com/news/bofa-american-economy-doesnt-accelerate-132041458.html
Can we call it a shadow recovery? Shadows are only illusions anyway right.
smaulgld
2013 Sep 13, 7:13am
Can we call it a shadow recovery? Shadows are only illusions anyway right.
Bernanke's housing recovery is a shadow of Greenspan's housing boom- that is for sure and a lot more expensive
smaulgld
2013 Sep 13, 12:14pm
....or was 58 states, as Obama claimed????
UM that would be 57 states
Missed it by one....
Don't worry - Obama Nailed it-that is why he is President
smaulgld
2013 Sep 13, 1:11pm
....or was 58 states, as Obama claimed????
UM that would be 57 states
Missed it by one....
Don't worry - Obama Nailed it-that is why he is President
Crap, you mean if I guess 57, I could have been president too??
Yeah that and a subscription to smaulgld.com will make you the leader of the free world!
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QE- Recovery Medicine or Extension of Bailonomics?
The current recovery was artificially born in 2009 from the ashes of the Panic of ’08 with The Federal Reserve’s quantitative easing (QE) program that involved printing money out of thin air to buy U.S. Treasuries and Mortgage Backed Securities (MBS’s) from the Too Big Too Fail Banks.
The recovery was kept alive with three full doses of QE and then a supplemental boost of the third dose in September of 2012. The recovery ended in May with talk of cutting the dosage when the Fed began its taper talk and interest rates began to rise.
The recovery never had a chance.
Here's why:
http://smaulgld.com/the-recovery-has-reversed-course-welcome-to-the-revocery/
#housing