FDIC Said to Weigh Six-Month Extension for Debt Guarantee Program

Interesting, just what kind of V recovery and 'end of the financial crisis' is this where the government needs to backstop the debt of banks?

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahxfcz1.ZZTE

 

Reading shit like that just convinces me we're about to step off into the abyss.

 

No one has any idea whats going on. My guess is the whole country is on the verge of total collapse.

Just watch bonds and the currency.

 

There can still be a "V-shaped" recovery only if you believe that the tip of the "V" still hasn't been hit yet.