Thursday, December 18, 2008 7:39:29 PM
US Economic reality is that we do not have real job growth plan except spending more debt under "Infrastructure Spending". In order to grow our economy, we need to have real economy growth plan, not adding more debt to 12 trillions of debt.
It is unreal that markets try to hype stock prices using hype under Infrastructure Spending. That is just hype to whipsaw small investors. Markets will be volatility.
This is NOT 2002 as it was before many Americans fooled into ARM real estate and into spending Home Equity loans. Many Americans are in debt and are out of jobs. Markets are hyping to lure in small investors, but markets will whipsaw.
No easy rides like 2002 low, as that was before Americans spent home equities and savings.
http://www.pgpf.org/resources/PGPFCitizensGuide.pdf
http://www.brillig.com/debt_clock/
It is unreal that markets try to hype stock prices using hype under Infrastructure Spending. That is just hype to whipsaw small investors. Markets will be volatility.
This is NOT 2002 as it was before many Americans fooled into ARM real estate and into spending Home Equity loans. Many Americans are in debt and are out of jobs. Markets are hyping to lure in small investors, but markets will whipsaw.
No easy rides like 2002 low, as that was before Americans spent home equities and savings.
http://www.pgpf.org/resources/PGPFCitizensGuide.pdf
http://www.brillig.com/debt_clock/
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