Beyond Media

In 1929, the market crashed. Within 6 months it rose by 50%. Not long thereafter it tanked 89% from the pre-crash. (Great depression)

In 2009, the market crashed. Within 6 months it rose by 50%.  Not long thereafter it …. ??

There is a small mountain to the left of the BIG one:

Dollar and Animals have one thing in common these days: Dropping!

Sept. 10 (Bloomberg) — Bank of China Ltd., which led the nation’s $1.1 trillion lending spree in the first half, said ample liquidity has caused “bubbles” in stocks, commodities and real estate.

“The potential risk is that a lot of liquidity goes to the asset market,” Vice President Zhu Min said in an interview in Dalian today. “So you see asset bubbles in commodities, stocks and real estate, not only in China, but everywhere.”

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

Those who have read my articles know that I have been an opponent of Obama’s trickle down stimulus plan because I believed it primarly would benefit the same ones who caused the mess and not the main street.

Here is part of a report by CNN:

When President Obama unveiled the Making Home Affordable Program in March, he said it would help “responsible folks who have been making their payments” reduce their monthly mortgage bills and avoid losing their homes to foreclosure.

But six months into the program, only 6 percent of the 4 million eligible homeowners have gotten help. A lot more say they’ve been frustrated with the runaround they’ve been getting from lenders.

Here is an interesting article from Bloomberg: http://www.bloomberg.com/apps/news?pid=20601087&sid=auGWGWlnohNo

My prior related articles:
Mr. Obama: “Tear Down this WALL” , Obanomics: Print Green and Spend , President Obama: Told you so, In borrowing we trust

Here as an interesting article I read on MSN about cost of living: http://articles.moneycentral.msn.com/SmartSpending/ConsumerActionGuide/burgernomics-whats-a-big-mac-worth.aspx

Some say we are at V shape recovery (rapid)
Some say we are at U shape recovery (gradual)
Some say we are at W shape recovery (recovring just to see another major drop before the real recovery)
and I was thinking : Has anyone even thought of [possibility of no-recovery after ALL?!!

Yes the economy has improved; for the top 1% !!

Ulrich said this weekend: “anyone who says we’re out of the woods, or even moving out of the woods, has got to be lost at sea. There is no evidence that this economy is doing much better. The best that can be said is we’re getting worse more slowly.”

As for now we live in a country where left is right and right is wrong !