http://articles.moneycentral.msn.com/Investing/ContrarianChronicles/WhyWeCantCruisePastARecession.aspx?page=2
Listening to the media business news or Treasury Secretary Paulson we are again being told that the economic "bottom" has been located and 'we' are now there and soon 'we' will be heading up. Yes, it sounds like some sort of sports achievement after having touched the goal post we are now racing for the finish line and the Champaign in the locker room..
Don't believe it and this article mentions some of the reasons not too.
But basically nothing has changed from a few weeks ago when it was acknowledged the national economy was being shredded.
Though our Dear Leader referred to it as: "a bump in the road".
Also some significant issues have gotten worse such as all forms of energy and food costs. And then their are the continuous announcements of loss of actual paying jobs and in the thousands.
If the economy was 'getting well' corporations would not be laying off skilled workers and then soon have to rehire and train new employees in a few months.
So yes, the markets maybe going into the summer doldrums and we are told we can come back in the fall to find more money in our pockets. My opinion is try the lottery as the odds will be better.
Don't count on any good economic news this summer as $5 and $6 dollar a gallon gas is not and ingredient for same ole, same ole and hardly: whoopee we are rich again!
What they maybe setting us up for is the... up tick blip... from the "Economic stimulus package" which creates no jobs or has any direction but is more like a donut for a diabetic.
Also, as you may have noticed our wars of liberation (meaning $$$ from U.S. tax payers) in the middle east are another national economic as well as human hemorrhage. http://antiwar.com/casualties/ and which site is usually updated daily. So the troops are getting blown to pieces and they send us to the Malls to play and pretend we are happy and rich.
And with the news that's now being circulated regarding the Bush plan to bomb Iran... and sometimes referred to as the October surprise. So just don't count on a stable national economy any time soon.
I believe the bleeding will soon be very evident here as well as the middle east as this economy is just coming apart.
Oh yes, the checks in the mail stimulus letter and the bait of... the Mall awaits, is just another way to rob the people (tax payers) by siphoning off a few more billons ($160 billon) of dollars for the corporate sponge bob's.
As it continues to appear they have complete contempt for our native intelligence and they believe we can not see through this scam. Which is really just more for the fake plastic money banks, the grain swindlers and the oil companies and we the people again end up with stale pop corn.
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