Credibility: zero

Another installment from The Cheating Lying Fucks of the Federal Reserve and the pump monkey bitches who fluff them.

2005

Housing is rebounding (2005)

Economy is on the full employment path (2005)

2006

Consumer spending supported by rising incomes will continue to grow

Housing drag on the economy will gradually diminsh

Automobile industry boosting production (Chrysler and GM both bailed out since)

The effects of the housing correction will soften and the inventory of unsold homes will be slowly worked down

and of course…

Suprime is contained (2007).

Benron needs a crystal ball that works.

More:

[ Ticker Guy ] [ Yves Smith ] [ Mish ]


Federal Reserve = Private Reserve.

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