I just love how talk is enough to “unleash the bulls.”

There is now a tendency for analysts and other economist to see numbers or statistics that are “less bad” and interpret them as signs of genuine recovery. First off, the losses in the financial system won’t go away, they will only continue to fester and impede our chances for a global economic recovery unless they are dealt with. Secondly, unless a consistent, timely, and fundamental-specific approach is taken the problems will persist. It’s funny how the last bubble, fake boom, fake prosperity-tranquil period grew from over-optimism, excessive debt and leverage ratios, and misguided incentives and “it’s not that bad” attitudes. When in reality, really only escaping thanks to debt-financed consumption and piling on the overall debt burdens for the next generation. The basic core problems have still not been addressed both in the United States and globally. Getting a strings-attached bailout from the International Monetary Fund or another EU member is not going to solve the problems only postponing that eventual day of reckoning.

- ImpendingDoom

Related Posts:

• Allowing zombie banks to continue to operate and take bigger risks has only increased the costs of cleaning up the mess.
• The Crash of 2010: The Greatest Depression is Coming!
• If there is a second downturn like in the Great Depression it will be a doosey.
• The housing data hints the length of this reccession
• WORST OF CRISIS MAY BE YET TO COME: IMF CHIEF

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