market perception - thursday, page-21

Red you are painting a far rosier picture than what actually is going on in the US.

The country is in real trouble. Unemployment is no where near where it should have been (or where the Fed was planning for it to be when they started this program).

Manufactures are still shedding jobs

Housing is picking up slightly but who cares - Its not like the family that lost their jobs and homes in Detroit during the GFC are jumping back and buying condos in Malibu.

All ben B did was to buy himself some time during his tenure so he didn't get crucified and he can leave behind a mess just like Greenspan.

The real depression globally is yet to come and it will become apparent how when this program starts winding down and it is realized that all this you just spoke about - Employment improving. Housing picking up and market rally was on hot air..and poof before you know it we are spiraling down.