The U.S economy has become more exposed and fragile.

The short sellers did not cause the equities market to collapse - it was the miss-management of the economy by congress, the president, and the Fed.

We no longer have a cinderella economy - the bastards drove it into the ground. this same ship of fools are continuing the management of the economy and they have done nothing yet to make it stronger unless you believe bailing out the financial system makes it stronger.

They seem to have no clue why the recession happened. our financial system is loaded with worthless assets which are growing more worthless daily.

They are not accountable to anyone for their actions - and they control most of the people able to do more than a half assed job of reading data.

I may not be the brightest bulb in the box - but i know how to interpret data and i have the time to dig into it. if you think i am not honestly analyzing the data, show me a different perspective.

I am nobody’s cheerleader - and if you do not want to hear what i am saying watch CNBC.

Huge debts are being incurred by Government to kick the can down the road, without any real resonse from the economy that I can see, other than the knock on effects of the Government money.

Not only are the figures fiddled, but small business, the leader in job creation in any recovery, is starved for funds as they are all given to prop up the balance sheet of zombie banks, which remain utterly unreformed and usre to cause another catastophe were a miracle to occur and any recovery to happen.

The housing illustrates the immobility of the market, or rather the lack of any real market at all.

Through Fannie and Freddie Mae and their guarantees there is an entirely artificial market, as they are taking on risks regardless of credit worthiness, and money is also being pumped directly to borrowers.

And still there is no recovery.

All that is happening is that enormous amounts of liquidity is sloshing around the system, so you have phenomena like ‘booms’ in the stock market, although not in non-dollar terms.

This is not a recovery, or a gradual repair, but the system becoming ever more exposed and fragile, whilst the resources that could have made a difference are frittered on support for entirely disfunctional institutions and the ruling clique.

- Davewmart

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