Futures Experience: Intermediate
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imo, the meager growth is just consumers loosening up again. The American mentality is to stay in debt as long as they can get away with it. The same mentality as pre-bubble burst. It's now the "in" thing to walk away from a depressed mortgage and live with lower credit ratings. Now Obama finally mentioned in his State of the Union(divided?) some homeowner foreclosure threat relief (of course banks got their TARP party money first ) as a campaign tool as was predicted by some. With the austerity threat to debt scare subsiding somewhat (and threat of hyperinflation kicked down the road again), businesses are stocking up again ready to sell to Americans who can't afford to buy their chinese manufactured products but will do so anyways. Of course nothing will change about the middle class jobs; barring a second Civil War(hopefully a bloodless one where all of the federal government is replaced by libertarian Ron Paul like representatives), they will never come back from overseas. All the corporate massive profits will stay reinvested or hoarded overseas.
Last edited by Cloudy; January 27th, 2012 at 02:17 PM.