HERE WE GO.......????

So, the more I read and hear what MSM is screaming now, the more I am scared of what we might be getting prepared for.
I'm not a bear. I'm not a doomer. Never been one. I've always been for prosperity and for a life full of joy and tranquillity.
I'm not an economist. I'm not a philospher. I'm not a broker.

What am I then?
A true "reader" of information. Real information. Data that we are handed over day after day and that is unfortunately and miserably misinterpreted and/or manipulated to present things different than what they really are.

I've been waiting for over a year now, for this time. A time to finally be happy. Go out and joyfully celebrate with my wife. Eat caviar and drink Dom Perignon....to celebrate....the end of the recession! Is this the time to do it?
I am asking you. I am asking the Kudlows, the Kneales, the Cramers, the Whitneys, and now the Roubinis too! All I am expecting now is to see Peter Schiff on cnbc drinking with Kneale too!

Why not do it then?
I just can't. I feel like I'm the only one left that is seeing sour weeds out there.
Mention some? No prob.

1. CIT bankrupcy - (as I am writing this it just came out that this bankrupcy will not effect financial markets......hmmmm...really?)

2. UNEMPLOYMET - slowing down. really???? wow....green shoots. We are still at an average of 500,000 layoffs a week in the U.S. Why don't they say that now companies are laying off less becuase they have already cut their workforce to the minimum to go ahead? Whatever...

3. CONSUMER SPENDING/SENTIMENT - Now, the more u layoff, the more people out there already on welfare, the less they spend. Period! Who and where are the people that are really spending more?

4. Q2 EARNINGS - Better than expected.....I can clearly remember that even before Q1 were released, MSM was warning that Q2 would have been really tough in these market conditions. Q1 is always pretty much easy to "inflate"......now it seems that even Q2 for some companies it might be so. Some financials (not to say all of the big guys) reported Q1 results pretty amazing. Now we are seeing the same thing for Q2. That's too easy since we've seen the biggest bailout in US history and use of these funds for who knows what purposes...
Q2 earnings in other sectors have been completely misread. One for all INTEL.
Right now while I am writing, GOOG is coming out and CNBC has wrongly reported their numbers too. Do they have any clue what they are doing? Suggestion: before reporting, read, re-read, and re-read again. Then think...and then maybe ask for some assistance from someone who knows how to read quarterly reports before blowing information to millions of people watching you.

5. GDP - not much to say. We all know. But one thing we might not all be aware of is....how to read the gross domestic product to the public.

6. COMMERCIAL REAL ESTATE - This bubble is starting to bust already. But who cares. This can't change the economy. No? Disgusted

7. CHINA - This may not seem that important to the U.S. economy, as many people might think. Are we nuts???? If China's machine doesn't start producing again soon.....or let's say "yesterday"...we shall see some big things happening soon. Obama's motto has been buy America (throughout his whole Presidential campaign). And it'd be a great thing to do I say, but impossible. Why? Because if China decides (they already started) to reduce purchasing US debt, who is going to finance the U.S.? The Russians? Europe? You gotta be kidding me!!!
So now, the Gov is feeling like forced to start buying Chinese consumer goods in order to have them still buy US debt. Nice......but who needs Chinese goods now? Take a look at freight forwarding companies around the globe doing business with China. A pretty bad sight......

8. FEDERAL RESERVE - A private company that is running the U.S. Not auditable. Untouchable. What else to add? Ask Alan Grayson....he surely has something to add!!!

9. Last but not least, GS........what are they doing? What's behind their curtain? What's their next step? When are they planning their next big thing? Ask Matt Taibbi...he might have a clue. It's not only Cap&Trade. For sure!

10. I'm leaving this empty for SPITE!

SO, ALL SAID, NOW IT'S TIME TO CELEBRATE?

OH BOY......

Itsme

DON'T LISTEN BLINDLY CRISIS IS NOT OVER YET! or is it!! PART 3a
www.youtube.com/watch?v=fzVfQNrhNsk

July 10th .... is CNBC drinking too much "green tea"?

Two months ago I posted a video on youtube with thoughts that the crisis was far from over. At that point the DOW was in the 8500 area. Remember at that time, all the media was optimistic about the bounce we've seen from the 6500's and the biggest comeback ever seen in the markets since the Great Depression.
Now, I am not an economist, a financial guru whatsoever.....I'm just a "realist" like other claim thereselves to be out there....but they're looking at the wrong side of the coin!
Mathematics is not an opinion....it's pure fact and "maybe" subject to manipulation (can't imagine if the cookbooks hadn't been touched where we'd be now!!!).
I've been reading away.......information....information, our most precious resource available on the Planet.
Doesn't anybody else here smell that the roast in the oven is getting burnt? Way too many ridiculous "green shoots" being pumped into the media.
What do they think? That we are total idiots and we will go spend our last worthless dimes left now to show that we're all optimistic about the near future? That scares me even more!!!!
Anyhow, no need to layout my reasons here that the worst is not over. We are getting numerous out there about what is about to strike the World Economy once again. And it's not going to be milder than the previous one.....u can't hide an ugly face behind tons of makeup when it's about to rain hard and u don't have any umbrella!
Here's my last video (2 months after my 1st one)......

http://www.youtube.com/watch?v=oLrz4uEUPWI


Cheerz.

Itsme