[quote=Eugene][quote]Why just the mention of selective facts that give the impression that the worst is behind us? [/quote]
Because it is? Notwithstanding the fact that mortgage interest rates are 0.5% lower than they would’ve been if not for gov’t intervention…
BTW, if you’re confident that there will be a dollar collapse some time soon, you can probably make a lot of money in the futures market … I took a peek at forex futures and there is no indication of an upcoming dollar collapse there. Evidently, institutional forex traders are oblivious to the danger. Time to show those Wall Street types that they can be bested by a faithful Bloomberg reader.[/quote]
DWCAP, I appreciate your reply and completely understand your points. I think the issue goes far beyond the GDP and the many programs in place to boost consumer spending. We have a mess on our hands regardless of the few statistics shown. That is something that few can refute. Inside the box things look great, which seems to be where Eugene spends most of his time.
Eugene, that comment sounded like it had a little underlying cynicism. I don’t care what Bloomberg said, but I think the UN and Roubini tend to be an accurate source. Even if we forgot about the Roubini comments, the UN calling for a change to the reserve currency seems like an issue within itself. Wake up Eugene, Obama isn’t going to show up in his horse and carriage to pick you up anytime soon. This is the real deal my friend.
I don’t care what the Forex markets state in regards to futures. I do plenty of trading in the futures markets and playing with manipulated currencies isn’t the best bet. I find it so interesting that certain people like to play the devil’s advocate to the obvious.
