Saturday, July 09, 2011

Wall Street Reality, 2011

1st of the month=housing showing signs of life

15th of the month=housing showing signs of stabilization

The reality of shadow inventory=never mentioned

Single dip= reality

Double dip=reality reminder

Robbing American citizens blind=stabilization between the first and second dip

I’m broke= "restraints in income......."

Your grandmother’s broke=QE2

Everyone’s broke=bad weather was a factor

The unexplained rise in sales of cat food=QE3 is an unequivocal success

The end of free markets=victory for the bulls

Fake statistics=bears caught off guard

Soon to be revised statistics=bull rally continues

Inevitable revision of statistics=POMO day

1000 point drop=Waddell and Reed sold something

No human is stupid enough to buy stocks=another round of cuts on Wall Street

Oil at $120=QEx

Oil at $100=QEx

Oil @ $90=QEx

Oil @ $50=A huge boon to the economy

QEx=put it together yourself

Hard times=’Summer of Recovery’

Harder times=”Welcome to the Recovery”

Rats on a sinking ship=U.S. Economic recovery team

Guy who cut more jobs here than created=Jobs council leader

Guy who lost a billion dollars=Chief economic advisor

Guy who cheated on his taxes=treasury secretary

NY fed chief who bought house near the top of the fed induced housing bubble=same guy

Guy who completely missed housing bubble=guy to help fix housing depression

Joke= economist

Bad joke= Wall Street economist

The joke of jokes=Joseph Lavorgna

100,000 jobs created =recovery

18,000 jobs created=soft patch

Surge in pitchfork sales=rescindment of birth/death model

Record stealing=trillion dollar stimulus

Massive Theft=QE2

Complicit to it all=Congress and Senate

Global kleptocracy=The ‘New Normal’

In prison=Bernie Madoff

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