Tuesday 20 April 2010

Rhetoric, not recovery................from Rico

The recession is ending. We are having a recovery. RHETORIC. Horse pucky.

Treasury yields are signalling a Dollar drop....a crumbling Dollar, on the verge of inflation/hyperinflation.
- Translation: yields go UP when a government can't get enough entities to BUY their DEBT. That is happening now, among other things (like China and others walking-away from their "bad American mortgages....er, Treasuries").

CRE (comercial real estate)? Moody's All property Type Aggregate Index declined 2.6% in February.
- In 2008 distressed sales were 4% of all sales.
- In 2009 distressed sales were nearly 20% of all sales.
- In February 2010 an 'unprecedented' and 'historic' record of distressed sales as 32% of all sales.

Unemployment? REAL unemployment, and not the magic unicorn, fairy-tale numbers reported by the Obama-Soetoro regime? Fuggadaboudit! We're screwed and many of you are out of jobs, some prematurely 'retired' forever (never to work again).

Recovery? Recession ending? You MUST be either joking, or a Marxist.
- You learned well, young grasshopper Barry Soetoro....good to see that Fullbright Fellowship for foreign students was not wasted on you!!!

Not "fair" you say? Fair was NOT promised, but "change" was....suckah's!
- Wanna buy some Treasurys? Maybe a shopping mall?

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