Some Humor for the day

Mortgage Crisis Over? Please, It's Just Beginning

http://www.businessinsider.com/henry-blodget-mortgage-crisis-over-please-its-just-beginning-2009-3

Back!

Back from almost 3 weeks of travel. Wow what is going on. I turn on CNBC to see that Obama is getting super tough on the Car makers and still trying to sell a trillion dollar bailout of the banks. Amazing I never thought in a million years to a see such a republican reaction from him. I am sure his supports must be disillusion at this point. To see the same polices of GW Bush still going on. Guess this is not change we can beileive in.

End Game

http://market-ticker.denninger.net/archives/898-The-End-Game-Approaches.html

Once again I find this blog to more negative then others. However, I too remain deeply concerned the Fed is without bullets and bluffing. I see very little hope anything they are doing or preposing is working or could work. I think we are driving towards a cliff here.

We are off page from history since no governmeny has ever tried what we are doing.

Eastern Europes slid continues

http://www.businessinsider.com/eastern-europe-plunged-deeper-into-turmoil-2009-3

Meanwhile Europe is fiddiling while eastern europe burns.

New plan same as the old Plan

http://www.businessinsider.com/henry-blodget-one-small-problem-with-geithners-plan-it-will-bankrupt-the-banks-2009-3

More recycling from Turbo Tim. No fresh idea's, same spirialing downturn. Without breaks applied soon we are looking at the end of the road and a sharp drop off the cliff.

12% unemplyoment forcasted for Cali.

http://www.latimes.com/business/la-fi-ucla-econ25-2009mar25,0,6381086.story

This would push Cali over the 1980's high water mark of 11%. More signs that this downturn is very sever.