3 OCT 2009, Saturday

1. Why do I get the willies when I hear stuff like this? ....
2. Geithner Says Recovery Signs Are ‘Stronger’ Than Expected By Rebecca Christie. Oct 3 (Bloomberg) -- Treasury Secretary Timothy Geithner said signs of economic recovery are “stronger” and have appeared “sooner” than expected, while reiterating it’s not yet time to roll back stimulus programs. Financial conditions have improved “dramatically,” particularly in the U.S., where the housing market has stabilized, Geithner said in a statement issued in Istanbul today. Still, jobless rates are “unacceptably high” and the financial system remains damaged. As a result, it’s too soon for governments to withdraw stimulus, Geithner said.
3. So, Tim, what is it? Strong and sooner than expected or still "damaged" and requires the "unlimited checkbook of the taxpayer"? Well? Which is it? How can you even include both statements together as they are in direct contradiction of one another.
4. Why the willies? It reminds me of Irving Fisher...a famous economist in the early 1900's. The stock market crash of 1929 and the subsequent Great Depression cost Fisher much of his personal wealth and academic reputation. He famously predicted, a few days before the Stock Market Crash of 1929, "Stock prices have reached what looks like a permanently high plateau." Irving Fisher stated on October 21 that the market was "only shaking out of the lunatic fringe" and went on to explain why he felt the prices still had not caught up with their real value and should go much higher.
5. Sounds slightly similar doesn't it?
6. I intend to get paid by being nervous and reading between the lines of what the elites say and what reality says.