Friday, July 27, 2007

Longest Bull Run in 80 Years, remember who was in Charge, what Happened then and what's Forecast Today!

This is not a Blip as the so called experts say. This is a long overdue major "correction" I discussed it after april's "correction" and most just do not seem to realize the artificiality or our over inflated financial system or how bad this too is going to get. The second Greatest Depression is right around the corner! Please read on. I think you will agree!
Of course , we know as the U'S. goes so goes the rest of the world. Yesterday In the U.S., the Dow Jones -- which shed 311 points on Thursday -- slipped further in early trading today. Right now it is down another 80 mpoints. In Europe, where markets suffered their worst losses in five months on Thursday, the FTSEurofirst 300 index closed down 0.5 percent -- and down 5 percent for the week -- having earlier showed signs of a recovery amid robust corporate results led by automaker Volkswagen.
London's FTSE 100 closed down 0.6 percent at 6,215.2 -- its lowest close since March -- while Paris' CAC slipped 0.55 percent to 5,643.96 and Germany's was down 0.76 percent at 7,451.68. There were further losses in Asia where Tokyo's Nikkei shed 2.7 percent to slump to its lowest level since May despite strong results from electronics manufacturer Sony, which posted trebled first quarter profits.
South Korea's benchmark KOSPI was down 2.5 percent, Hong Kong fell 2.7 percent and Australia slipped 2.8 percent, while MSCI's index of Asia Pacific stocks excluding Japan fell 3.4 percent at the end of a week in which it had posted record highs.Friday's volatility was triggered by Thursday's worldwide losses, culminating in the Dow Jones' second-biggest point loss of the year.
The so called experts are doing their best to keep this artificial Bull market going saying this is no big deal and the economy is getting better . This is just a minor correction and our economy will keep improving. Bush is also talking it up, doing his share to keep up this facade of Sucess continue until he gets out of office and the truth is found out and the market and the economy crashes so he can blame it on Democrats.
This is not a blip, this is not a minor correction. The market is correcting and it is long overdue. as we all know, the stock market ebbs and flows until it settles onto which direction it is going.It has been going up and down but when this settles in, it is going to be a very big downward correction. I was looking at my past writings on this and this is so perfect as to what is happening right now I really hope you read this and see who was at the helm the last time this happened 80 years ago. Good or bad give credit where due!
The Dow industrials has been increasing to ridiculous artificially inflated highs in a streak that matched an 80-year-old record on Wall Street. This will all crash down on us when the truth of Bush's control and lies come to light.
"The market improvement we've seen over the last few months is a result of higher-than-expected corporate profits," said Richard Hoyt, portfolio manager at KDV Wealth Management. What a surprise huh? How could you expect anything else in this pro industry, pro corporate, anti average American,environment Bush has created today?
Bush has had, micro managed every facet of life today, from the so called war on terror, to those that we call heroes such as Jessica Lynch, to the reasons behind 9/11 and the artificial strength of our economy. This is a Bush created facade of a great economy and only for those able to partake while the elderly and needy have suffered exponentially, so he can follow his new order.
With that said, it is very dangerous that investors are looking beyond any short-term questions about the strength of the economy and focusing on longer-term expectations. You cannot ignore the reality of Bush putting off Trillions in Debt off until he is out of office. You cannot ignore the reality of increasing food stamp use, prohibitive health care costs to the most needy, the loss of core jobs, and the real economy Bush has created. It is another facade!
Knowing that life today is a false creation of Bush's in every respect I ask you to take a step back and remember that amidst all the bragging about this great economy and this being the longest Bull run in 80 years, the reality average Americans face, who was in control 80 years ago and what happened. Remember, Republican Calvin Coolidge was President from 1923 to 1929 and Republican Herbert Hoover took over in March of 1929. I realize we now have a system in place so there will never be a repeat of the Stock Market Crash of 1929.
However, as Bush brags every friggen day how great his economy is while we are left dumbfounded. People in staggering numbers are losing their homes, ending up on the street, going hungry, unable to receive or afford even basic healthcare, or even satisfy life's basic needs. This is happening in America and I find it overwhelming. Why? In America? When will this facade crash?
I am reminded of "The Second Great Depression By Mike Whitney" He points out The US economy is in danger of a recession that will prove unusually long and severe. By any measure it is in far worse shape than in 2001-02 and the unraveling of the housing bubble is clearly at hand. It seems that the continuous buoyancy of the financial markets is again deluding many people about the gravity of the economic situation. The housing bubble is quickly crashing to earth and hard times are on the way.
There’s no doubt now, that Fed chairman Alan Greenspan’s plan to pump zillions of dollars into the system via "low interest rates" has created the biggest monster-bubble of all time and set the stage for a deep economic retrenchment. Greenspan’s inflationary policies were designed to expand the "wealth gap" and create greater economic polarization between the classes. as you can see, it has. Greenspan's trusted replacement is following suit.
By the time the housing bubble deflates, millions of working class Americans will be left to pay off loans that are considerably higher than the current value of their home. This will inevitably create deeper societal divisions and, very likely, a permanent underclass of mortgage-slaves. With the staggering increase of foreclosures you see just the beginning of Bush's "created" reality.
In real terms, the economy is already in recession. The growth numbers are regularly massaged by the Commerce Department to put a smiley face on an under performing economy. Industrial output continues to flag (In January it was down by another .5%) while millions of good paying factory jobs are being air-mailed to China where labor is a mere fraction of the cost in the USA. Also, automobile inventories are up while factory production is in free fall. Also Toyota has now replaced us as Number one!
Please read the entire report. It is very sobering and the first honest appraisal I have ever seen as to our dire Bush hidden financial future.
In closing Mike say's Greenspan has led us sheep-like to the same precipice as the great depression and Bernanke is faithfuly following suit. The economic dilemma we're facing could have been avoided if the expansion of personal credit had been curtailed by prudent monetary policy at the Federal Reserve and if wealth was more evenly distributed as it was in the ‘60's and ‘70's. But that’s not the case; so we're headed for hard times.
This is stunning! Be prepared for reality to catch up to all the lies! It is all Happening right now!

James Joiner
Gardner, Ma


enigma4ever said...

sadly...I hate to say it , but this is alot of what I have been dreading- world markets dipping...means that this is not going away....and you are right we are in so deep to China...scary...very...

You have wonderful insights about the financial end of all this...

Newsguy said...

Bush is insulated. He runs a faith-based administration. He believes in his policies the the way three-year olds believe in Santa and the Tooth Fairy. This is the way Bush's mind works.

He has an invisible friend, Jesus, and God talks to him. In other words, the Oval Office is occupied by a man with the mind of an infant.

He rejects science, and has replaced it with faith.

He started a war on faith. He continues it on faith. His economic policies are all based on faith that Big International Corprations know what's best for the economy.

His domestic policies are based on faith that as he dismantles government, and rips the safety net to shreds, the strong will survive and the weak will...well, what the hell. As the strong survive, we will have a stronger country.

Bush doesn't actually think about anything. He's the Decider and he decides based on an impulse of the moment, his screwball idealogy and maybe Divine Voices in his head.

Larry said...

Warren Buffett predicted in January that by the end of the year, the U.S would be in the deepest recession in decades.

I believe that the coming destruction of the economy, is part of the equation of the New World Order being ushered in, to better control the public by the pocketbook.

an average patriot said...

Thanks enigma
The entire picture Bush has painted for us is very frightening to put it mildly. I can't in my wildest dreams ever imagine hearing the truth about anything at all that has happened during this misadministration nor can I envision crawling out of the nole he has dug for us.

an average patriot said...

You are emtirely right of course! Trouble is, it is not Religion he follows but perverted Religion. He has done to Christianity and America what he accuses the Islamists of doing to Islam.
He talks to someone but it must be himself not God. It is not Gods work he is doing it is the devils. I just hope some day he will pay for thinking he can do what his religion says is Gods job and role. Sadly we will all pay for what Bush has done. The entire world, not just America.

an average patriot said...

I remember you telling me about Buffet and he is right. Like everything else Bush has done it will dwarf in every respect any crisis America and the world has ever experienced.
Bush's new world order to us and the rest of the world will be all encompassing chaos,war, and total "dis"order. I think you read my Manifesto to the World and how this will all end and it will be horrific to all but a very few in the entire world and remember when all is said and done someone has to have a life sustaining planet to live on and I do not see it. Man!

an average patriot said...

I just saw your comment on my Thursday post, I hope you see this.
inigma4ever said... and sadly yes, the entire world is in trouble...I think many of us have known that for a long What do we do...???we all really need to think and come up with Something....we are running out of time...What do you think would help ?...or that we could or should do...
You are right, the entire world is in serious trouble and I firmly believe we cannot stop trying to help ourselves but when all is said and done we are all powerless to stop this.
Bush does not care what Congress and all the counties and world experts say let alone us. Continuing his destruction and NWO is all that matters.
You know, years ago when I first started telling people what he was doing to the country and the world many got very angry with me saying no President would ever purposely destroy our America and the world.
Well guess what and now it is too late to stop!

6:05 AM