Showing posts with label debt destruction waste. Show all posts
Showing posts with label debt destruction waste. Show all posts

Wednesday, September 28, 2011

Morning Post 09/28/11, SPX

Do you really want me to rehash the the Greece will be saved, will not be saved, will be saved, will not be saved, will be saved, will not be saved, will be saved, will not be saved, will be saved, will not be saved, will be saved, will not be saved, will be saved saga? I did not think so.

Heck the US is barely staying afloat. It just narrowly avoided the umpteenth government shutdown in the past three years. $15.1 trillion in debt and they want to must print more just to keep the doors open.

You are investing in a rigged market that reacts to rumors of hope of recovery and denials about reality. The market must stay at elevated levels to keep the illusion alive that all is well. Right now markets are teetering on the brink of another collapse. Well, they have been for quite some time. What is different this time than last? The debt keeps growing and they have done nothing material to address the underlying fundamental issues surrounding the crisis. They keep kicking the can playing extend and pretend like the problems will magically solve themselves.