[quote=KIBU]I think the best days are yet to come for this website. These days there are many more unanswered questions than in the past and there are many uncertainties remain. One does not have to read all the forum topics. I am just glad that there are people who bring data and numbers. It helps put my emotions in check and make me think more rationally.[/quote]
Agreed. We are being fed a bunch of pig slop, and we need to keep our wits about us.
I love how Obama was telling us that it was “going to get worse before it gets better,” at which point he was chastised for being too pessimistic. He was told to be optimistic and give everyone hope. Next thing we know, there are “green shoots” all over the place, and everyone is trying to convince us that the worst of the recession is behind us. They’ve constantly made mention of the “psychological” aspect of the recession, so I’m thinking they are trying to hide what’s really going on.
Not saying I’d do any different in their shoes, but we still haven’t dealt with all the underlying problems — too much debt, and not enough income. They are kicking the can down the road with more hybrid ARMs — mortgages and loans that will reset to higher interest rates down the road.
The Fed is hiding the true values of the problematic securities, and there are still many government guarantees backing stuff we (taxpayers) have no business backing. Add to that the highly manipulated interest rates, and one can only conclude we are nowhere near the end of the recession. The economy is on life support for now. What happens when we inevitably have to pull the plug?
