The fed-funded bank bail-out is failing. Well, better luck next time. China also has oodles of US dollar reserves. I guess we're China's bitch now as we rely on them to not crash our dollars by selling them off. Here it comes, Joe. Any day now...
They should have just given every working man and woman a million dollars and that would have done more for the stimulus of the economy than the bullshit they pushed through.
For the sake of conversation without researching the numbers I'll try to make a valid point. The numbers will be off but over all the point is the same. Lets say the average household received 1200.00 for the first bailout. *this is where I'm just guessing* I think the first bailout was maybe 230 billion At 700 billion that same average household might have got an additional 3k. Now if you ass was in deep deep kimchi and were about to loose your home to foreclosure. What would help more? Also if you were like me and up to date on your bills but badly needing to slap 5k down on a pool resurfacing and remodel, home repairs, vacation. *Or whatever* What would be more stimulating to the economy? So Phat point is I think you are correct in the point you are making.
Predicting the economy will cycle is a no brainer. Yes it will bottom hopefully in a few weeks and with the media hysteria I think a slow bear market is being accelerated as it it were a Chevy Vega on nitrous. With a 700 Billion infusion I will go out on a limb and predict that once it bottoms and everyone holds their breath and watches for a climb. Once the climb starts it will bounce like a bungee cord. The reason will be that the real estate market bubble was allowed to pop and now there is an infusion of money in the market like nothing before. This will be despite Obama being elected. The only question is how long it will take. Some are predicting a traditional slump that would be a fraction of the prior growth period say 2010 and some are saying it will be measured in months rather than years. Tip- If you have the means then jump on that roller coaster at the bottom and enjoy the ride to the top. The spin will be giving the blame for the cycle to “de-regulation†and crediting the impending bull market to “regulationâ€. I can tell you the lie your about to be fed before it’s told just like I have in the past. Here is the catch. Jimmy Carter in the 70s resided over one of the worst inflationary periods in the history of the country. And despite houses in certain markets over the past decade inflating 300% and fuel cost the same. The inflation figures over the past eight years have been very reasonable. Especially if you were to factor out those two variables. Who gets the blame if our next great bull market is accompanied by extreme inflation? Tip- If you not in property ownership now then get your house in order the best hedge against hyper inflation : Property.
