Ask yourself....WHY ARE WE BEING LIED TO????
July 30, 2009
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As of 10 minutes ago, Larry Kudlow would like you to believe that Q2 earnings are so much better than Q1. That is a flat out lie. The chart below, straight out of Bloomberg which we demand all readers with a BBERG terminal replicate using SPX Index EA , demonstrates that Q2 earnings are now in fact worse than Q1. While in Q1 the YoY EPS drop was -31.49%, as of right now the drop is -32.41%. And the drop in revenues is much worse.
http://www.zerohedge.com/article/cnbc-now-openly-misrepresenting-reality
Remember, Alstrynomics is all about being right....not popularity.
As government runs out of money, will it be forced to tax the rich 100% of their assets simply to cover expenses? Will it be forced to devalue currency to nothing effectively making our savings worthless?
Welcome to Zombulation Nation.....where even the truth is no longer accepted as reality.
There is no justice when the truth means nothing.......without justice, there is no society.