So now everything will be ok and the recovery is on.... as long as nothing else goes wrong.
Well the central bank came in and saved the day. Nothing else will go wrong. The home owners who 's house just went under due to the flood in the east don't think so . What city had a tornado that wreck downtown don't think so. Places in Texas who are facing floods don't think so.I think I will short Insurance agency's . Lost revenue because these people won't be able to work until the work place is rebuilt. Just think, this is just the first day of spring. What happens when the spring thaw starts? Truck drivers are going bankrupt because it cost them more to buy gas than they receive in pay. Bridges are falling down around the country so transportation is interrupted. Need more money to repair. More credit card defaults because inflation is rising. More sub prime coming up to refi and we still haven't settled the old sub prime yet. Don't you dare get sick you can't afford to.Your health insurance probably won't cover it and you are leveraged to the hilt as it is so you will have to file bankruptcy. Oh yes I also just herd that tuition is going up again. Don't worry about it; our central bank has it covered because nothing else is going to go wrong. Oh right and we still haven't closed our boarders north and south so no bad guys will come here and hurt us or wall street. We are safe and the government who has lied to us all along is telling us the truth this time. I THINK NOT. The great ponzi deal of housing just got some more money to keep running for awhile longer in my humble thinking. The roaring 20's for awhile longer only this time it will be much shorter. Oh yea,our money is back by gold right? What do you mean no, what backs our money then? Thin air you say? Yes thin air.