This just drives me crazy. In one breath Greenspan (perhaps smoking green shoots) says the recession is over. Okay. Let’s go w/it and say unemployment is a lagging indicator. If the recession is over, WHY do we need this continued credit, increased credit, no less.
I just can’t get my head around this. People talking bottom, recession over, sales up, yada, yada, yada, but we need more credit incentives to buy. Psycho babble.
And of course it’s working. People buying cars and houses. The brain washing continues. Resistance is futile.
