17 March 2008

I am neither a bear nor a bull, I am an agnostic opportunist

That quote, by the way, is by Jim Cramer (MadMoney)

Market keeps falling, the economy is at snail pace, barely moving at 0.8% in 2008 and by 1.4% in 2009 (hopefully). People using weird words like "stagflation"

A cartoon is a great way to understand what the **** is going in sub prime crime.
It all started like this: (Click to launch the side show)

via Big Picture

The fools, errr...everyone, is paying the price now. Bear Stearns goes down. Read the link to relate the cartoon to reality.

Everyday, the fools at the White House, reassure us that everything is OK. But whatever they do, is proving the Feds are trying desperately to delay the inevitable - RECESSION.

Again, to get the big picture about recession, mhh....go to Big Picture

While almost everyone seems to know what to do, except Bernanke. He is credited as the "Destroyer of US Dollar" and/or many US homes and lives. He even testified before Congress that the sub prime damage won't spill. No wonder, he works for Bush.

Marc Faber says, if he was Bernanke's professor, he would have failed Bernanke, forced Bernanke NEVER to get a job at any job, let alone the Fed reserve Bank. He also says "Bernanke is fit to work with Government of Mugabe" Oouch!!!

See the video

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