SEGAL> Pass the BUCK.
We have seen an unprecedented period of stimulus (tax cuts, deficit spending, refinancing) yet the US economy
remains in a limpid state. The rise in Industrial production since the end of the recession has given us the weakest recovery on record.
The US stimulus has been exported, it is not creating jobs here in the US nor is it leading
to wage growth or capital spending. It is however, creating an generation of deeply in debt workers, its driving commodity prices higher and the dollar lower, as a result the PPI/CPI is rising, for despite the the weakened state of the US economy and our shuttered factories, globally its boom times in China, India, where big transnational corporations can exploit the worker, cut jobs, and pump up their earnings to please wall street analysts. The FED and US politicians have done and excellent job stimulating the economies of Asia and are about to spend billions to rebuild Iraq, whilst letting the US worker and out industrial and technological capability go to the dogs. CEO's are broadly shouting they are leaving the US.
The mistake made by policy makers? They didn't let the dollar drop post-bubble far enough before applying the stimulus
package. We have some serious malpractice going on in the halls of power. They don't give a shit about the
US worker, the strategy and planning seems ad hoc and reactive, designed save broken reputations, and to prop up the value of bubblized financial assets rather than focus on the heartbeat and welfare of common ordinary US citizens.
Market Data 
Markets 
AI
