Friday, April 10, 2009

Economic Endgame

The stock market continues it’s highly volatile swings of upturns followed by larger Dow downturns, in its quest for capitulation of the market, so that a reemergence of a bull market run can be had, and the previous highs of fourteen and some change during 2007 can be realized. The only problem with these aspirations is that one would have to believe that the market driver mechanism positive sediment would outpace negative sediment on a sustained basis in order for this to occur. One would also have to believe that we have achieved bottom in such areas as accelerated unemployment figures, toxic mortgage activity, a frozen lending market, GDP growth, and a breaking of the self prophesying negative feedback loop we are now experiencing at present. In addition we would have to throw common sense aside and believe that the unprecedented trillions of dollars this administration is spending in the form of bailouts, acquisitions, and payoffs is somehow going to right this economic titanic. Lets be serious, the only transparency in this colossal fiasco is that at some point, this debt is going to be paid back by dramatic increases in the form of tax code modification, not loan modification. Again the middle class will be the fall guy in this perverse economic opera, and a small group of highly elite government, and private sector individuals will implement this massive change. Change is coming alright, in the form of a new world socialist agenda, and the suppression and dissection of the wonderful free and capitalistic nation we have all grown to love. In light of the recent G-20 Summit meetings, it has become apparent to even Barack Obama that the burden and blame of this situation should be squarely placed on the shoulders of present and future generations of American citizens. This is the type of change that this nation can ill afford.

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