TEXAS: Best Job Growth in the Entire Country, from San Antonio to Houston to Dallas. Eagle Ford Shell, Where I'm raising money for more Nati Gas wells to be drilled and the money is flowing in like mad! Construction Starts on Commercial and Gov. sites on a huge rise. Construction starts on "Developments", Rental Developments up huge. Fuck the rest of the country. Most of the people who were smart, left their states a long time ago to relocate in a more sound region. Just like in the First Depression, relocation was a smart move. Many will be stuck in their states as this thing takes a full blown turn for the worse. I feel for those who are caught up in this shit storm but did not vote for the scum in DC running the country and who are not part of the Scum on Wall Street. Lets see if Panic sets in during the next few weeks of Trading or if the FED comes out with QE3. Which will cause panic on Main Street as Prices of Oil, Food, et all sore even higher.
Q3 case is showing up, few weeks of weakness and we see more paper being printed and we rally higher... ahha
if anyone remembers economic indicators started to improve during last fall just before QE2 started current weakness is direct result of QE2 I don't understand why people expect QE3 commodities stabilized only because Bernanke promised to stop money printing If QE3 implemented this country will go straight into inflationary depression
...do they have an alternative... QE works. Its easier to convince everyone. Look where we are. With slow economic growth/ housing depriciation/ rising inflation/ Companies are raising their debt as we speak. those balance sheets are going to look ugly preety soon QE3 must be done
Kashrin, You are correct however, the Politicians, Money Mangers and Idiots on Wall Street are stuck between a hard spot and an even harder spot. House voted not to raise Debt ceiling. Signals that the Smart ones may be willing to take a few years of a serious depression than a decade of Inflationary Depression, where jobs are gone, housing is bust, cars, tvs, etc drop to bottom prices but "COST OF LIVING" goes through the roof. But keep in mind...IMHO, there will be area's in th US that will be impacted less.....as they are still in growth mode, like UTAH, TEXAS, North D. and some of these states are running deficits but new discovery in Hydrocarbons, job growth, cutting the fat from state budgets will off set the State Deficit in the long run. However, other places, many other places are not having any job growth, no Hydrocarbon discovery, companies are fleeing and so are people. Those states, to many to list, will be in a serious DEPRESSION either way.