Even More Viewing Education
Economy recovering? Housing bottomed? Not really if you watch the following videos … there is still much so worry about.
The first video for this post is a fact-by-numbers housing report which doesn’t look at all like green shoots, let alone withering lallang …
This is the future of the Dollar …
And this amazing story is about interest rates on credit cards … 59.90% !!??!!
This is something Singapore needs to look at before out students get the wrong idea about spending habits …
And while the banks rape us for interest, they still refuse to lend … even the small banks have become Shylocks …
So while the banks don’t lend, small businesses can’t hire … and if they don’t hire, unemployment stays high … if employment is hard to come by, Americans stay broke … if Americans stay broke, the banks won’t lend money out to risky borrowers … a vicious circle.
And it was the banks that started this whole mess in the first place by lending to less-than-desirable borrowers that started the Sub Prime Mortgage Crisis. (Insert ironic jingle here.)
Here’s a little tidbit from my good friend RM;
Our machinations have hidden an actual, ongoing depression. More than $2 trillion in direct spent support by the government – borrowed beyond tax receipts in the last 18 months, constitutes 14% of annualized GDP. On an annual basis this is about 10%, and a 10% top-to-bottom contraction in GDP is the economist’s definition of Depression.
Lastly, don’t forget to read this very creative link: “I’m Sure Glad The Recession Has Ended“. You might find the format rather familiar! 
) (No, I didn’t copy him … just look at the dates of his postings to see who the original stylist is.)
March is traditionally a modestly bullish month and April is the best month of any year. We shall see how this “jobless” recovering economy will hold out during and after May.
Happy Hunting!
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