The "Real" Economy Is Dying: Q4 "Going to Be a Bloodbath," Whalen Says

YAWN

YAWN

Interview Dick Bove. He really knows the banks

this is the greatest government backed bear market rally i have ever seen (i have been in the buisness for 15 yrs) the only problem this time is that nothing has been fixed the banks can't lend because they still have 1 trillion of bad loans..if these loans were took over by the gov last fall as paulson wanted then they would be able to lend ( the margin on these loans is what is eating up all thei captial)..real unemployment is near 13% until i start seing some concrete numbers then i'll say the worst is over and i have been out of stocks since late june..

government is growing whilst the economy is shrinking, doesn't anyone else see what is wrong here? What came first the chicken or the egg? Or does it matter?

Yes the 4th quarter is going to be rough because of the "Stimulus" package. We could have been recovering strong with good job creation.

nice one

Any so-called bear who tells you the economy is bad, so we need more government taxing, borrowing, spending, inflating, bailing out, stimulating, or shoveling is not to be trusted. Every government effort to avert the final catastrophic consequences of the looting of the financial system by the malfeasance of those responsible for regulating it will only increase the severity of the final outcome. Get real...gold.

nice one

nice one

It will take more than a government sponsored massage to heal this sick, government obliterated economy.

Although Whalen has some good points, and even though most won't understand this in the market, with or without "support" the market has a recovery path to go through. We will see many more new banks open when the market has gone through the right corrections. And, these banks will probably have a whole new less self serving business model reflecting the needs of consumers and the market. It's about time people!!!!

Not matter how you slice and dice this thing up we're screwed in the short term. Until the thrist of shrewd and the greed is quinched we are all going to have to continue to pay. There is still so much political payback happening that we are still at least a year away from real recovery. An excellent time to be buying... AND HOLDING.

Interesting. The fund managers (people with something to sell) say all is great. People like this guy whose job is to assess risk paint a not so rosy picture. When's the last time a salesperson was honest with you?

what else would you expect? Anyone could have seen this coming years back who is the least bit open minded or aware of how the world is today, just a logical course of events, and has all happened before. A visionless society has no where to go.

We back to the grim reality of economic data.....Sometimes we gotta get creative...There's still a plenty of room for innovation ....

Consider purchasing some ticker symbol "FAZ" to gain from bank stocks going south...

what else would you expect? Anyone could have seen this coming years back who is the least bit open minded or aware of how the world is today, just a logical course of events, and has all happened before. A visionless society has no where to go.

Lets borrow another 82.7 trillion dollars. The dollar will never collapse. $82,700,000,000,000.00 divided by 153,000,000 million workinh Americans equals $538,000.00 dollars that each working american owes for this on the book and off the book debt. www.usdebtclock.org-----Go see for yourself. Lets double what we owe....I want to owe a full million. That's what most people earn in a lifetime. Lets give the government our entire paycheck....not just half of it.

You cannot insist that the banks deleverage and, at the same time, increase lending. The question is "When will the consumer feel comfortabe enough with their personal balance sheets and job situation to begin to spend again"