OmegaPaladin:
I am a struggling small business owner. The recession is coming whether I want it or not, and it could very possibly put me under.
It’s not my “favored” recession.
It’s pretty bloody obvious to anyone who takes the time to look at the data and look at the behavior of all the players. The MSM is pretty much clueless/useless. Ex: they print NAR press releases as if they were news . Almost every month last year they were telling us the housing market hit bottom and next month the market will pick up. Just how many bottoms does a crash have?
Banks are desperately hoarding cash. Fund managers are predicting more huge losses in the financial sector. Consumers are using gift cards to buy food and diapers. An entire business model (wholesale mortgage lenders) has pretty much died.
And Bernanke didn’t drop rates 1 1/4 points in less than a month because things are peachy.
