Balooning Federal Debt to recapitalize Banks will translate into a surge in consumer spending - and actual recover may be a long long way off!!!
The new surge in DEBT has to end with tougher times ahead and strapped consumers with less disposible income to spend - its as simple as that - Most americans are simply cutting back in order to face possible tough times ahead!!!
Federal Deficit for July 180.7 Billion Total Deficit YTD 2009 1.27 Trillion Government Spending 332 Bill (a new record) And a 5 1/2 decline in receipts due to growing unemployment!!!!
And all this means a great christmas season for retailers???
Good luck on your XRT buying - you may need it!!!
Remember: these "lemming" fund managers were flly invested when the SH&& hit the fan last time too!!!!