Ok, so now some of the green shoot believers are starting to claim that things are improving and will be just peachy for years to come. I'm not going to waste any blog space on the ones that insist on ignoring the truth and pump BS up the collective asses of the general public. Not here, not ever. Folks, I will continue to stand on my soap box and preach of the immenent doom to come, because it is coming.
Could I be wrong? Well sure, I could be wrong, but I'm not. The cause of all of the green shoots are mostly false signals of a recovery that will fail IMO. Will everything totally collapse? Probably not. Can things get worse? For sure and they will. Take a gander at these article exerpts that point the compass S, not for South but for Suck.
I found THE ABSOLUTE RETURN LETTER From Absolute Return Partners at the Pragmatic Capitalist. This is a fantastic piece that emphasises the problems in the housing sector and quantifies (very well) the impending collapse of the sector and the American consumer.
In a piece from Phil's Stock World titled Friday - The Good, the Bad and the GDP (via a guest post at Zero Hedge) is a wonderful article that all my readres will appreciate. A documented case for crude oil and commodity rally fabrication and their impending bust. "We’ll find out shortly to what extent the GDP supports any of the 88% rise in oil prices since Q4. I don’t suppose we’ll have an 88% rise in GDP - in fact, they are expecting a 5.5% decline but that would be a 0.6% improvement from the preliminary reading of -6.1% so the global markets are partying in anticipation of this blessed event. Oh here it is: Down 5.7%!"
Is a commercial real estate bust inevitable? is a little article that discusses the potential impending commercial real estate crash and how they might be able to derail it for a year.
And for good measure how about a couple of items on market manipulation. Manipulation: How Markets Really Work does a wonderful job of explaining the PPT and other interventions that are used to screw all of us. Goldman Sachs Principal Transactions Update: Collapse In Agency Program Trading Volume by Tyler at Zero Hedge discusses how GS and others manipulate the market and explains the volume spike Friday (and at the end of every day for that matter). MARGINAL MATTERS…. from Pragmatic Capitalist you get a link to a wonderful Barrons article that explains how future earnings will be tough to come by. "With commodities and raw materials skyrocketing combined with a weak economy it’s likely that corporate margins will continue to be squeezed which means lower profits and a stock market that will have trouble moving substantially higher."
After being away for a week, nothing has changed. There are so many articles to post that I was not sure where to start. Since this post was so long I'll spare you the rant tonight, sorry for those of you that look forward to it.