Wednesday, May 26, 2010

It's all green to me...

The screens are green everywhere as global markets rebound sharply today because North Korea backed down, Europe got fixed, we stopped the oil spill and cleaned up the Gulf and 1 out of every 5.5 dollars personal income dollars now comes from the US Government.

Hmmm, only one of these things happens to actually be true but let's not let facts get in the way of a good story. So, 33 Liberty Street has told you to the coast is clear so let the buying begin.
When you see a chart like this it is clear why Larry Summers is starting to talk about Stimulus 6.0....

"Larry Summers, the senior economic adviser to President Obama, reportedly asked Congress yesterday to begin drafting plans for a second stimulus package to prevent the economy from suffering a double dip recession. Summers suggested additional loans for small businesses, an extension of unemployment insurance, and financial aid to states to avoid further layoffs in the public education sector."

1 comment:

CDM - Clayton said...

It seems so simple, tax cuts. Why don't they understand?...tell me please!