Those Geniuses at the last Big Eight meeting were seeking some measurement on when the "recession" was going to end. They wanted to end the stimulus packages because they were inflationary. It was thought, or hoped, that the US would pull out of the recession first, and everybody in the world could start selling everything to America. We do not have the money to buy everything or anything, from anybody, because our industries and the jobs that they support have been outsourced overseas. No jobs, no disposable income, no American market, and no market anywhere without well-paying jobs. To paraphrase one of President Clinton's political campaign slogans, it is the jobs stupid, that support any market anywhere! By the way, they decided that the IMF would tell them when the recession is over. The stock market can go up for five minutes when they receive the "good news." Who cares, it is only speculation anyway!
Pervis James Casey
Jun 15 2009 - 2:13pm