Thursday, October 29, 2009

Charts from yesterday

I made these yesterday, before the big POMO rally.
Comments on GDP.....Year over year, was down.
This quarterly rise was about half cash for clunker cars. perhaps some spin off benefit too from cash for clunker homes.

After $10T pumped into the economy, the payback doesn't seem that good. Inefficiently spent money. Better to be a burnt bear than a blind bull. The burning will stop.

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Insightful and Useful Comment!