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If things are improving, what are we doing??
Here's the deal:
We're coming out of this.
Not quickly. Not loudly. In some cases, just barely.
But mark my words, we are coming out of our funk.
So...What the funk are we doing pushing vastly more spending to get us out of our funk?
When durable goods orders soared a shocking 3.4% last month.
When new home sales rebounded 4.7% the same month?
When existing home sales rebounded a like amount that month?
When applications for new mortgages and refinancing the mortgages folks already have are soaring this month?
Now I’ve heard many smart economists say these are anomalies.
But those are a hell of a lot of anomalies.
Look, I’m not saying we're going off to the races...
I am saying, why are we racing with more spending programs as if we're going off the cliff?
We've got a President and Congress eagerly considering tripling our debt and bashing our dollar on the hunch a large hunk of the funk remains.
But what if they're funked up?
And what if they end up funking us up?
Then what?
I want you to think about how odd things are right now. Those in power dismissing economic numbers that are good...So they can shove down our throats a bigger government that can't help but be bad?
Perhaps I’m overreacting.
Or perhaps they are.
Seizing on our insecurities to securely put in place a much bigger government.
...capable of pouncing on banks it deems sick and shut 'em down.
...and strong-arming executives of all types to get 'em to go along or they're just going to pound 'em down.
The government calling the shots.
Those challenging it all but shot...But certainly humiliated.
That's why I’m in a funk.
I can't figure why the funk we're going along with it.
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