I believe this video is timely. Secondly it is the first "voice" to hammer home in a concise argument that the US market is in a cash infused bubble. I loved Simon’s comment about JP Morgan BEFORE CNBC CUT THE VIDEO where he actually said something to the effect “What on earth justify you guys recommending JP Morgan at $44 a share?”. In other words a very pointed question. Instead CNBC put up an S&P Chart on the screen as “filler” which is very funny. Why did CNBC feel so strongly about his question and the way he asked it to cut the actual wording out? It is easy, Simon Hobbs was not on board with the US Government and Media PR campaign doing everything it can to push sentiment and the markets higher. There is a real PR war on the American Citizen going on now that is very “Big Brother” like.
It is also pointed today that the Consumer Confidence numbers came out with a big jump. Funny the consumers are more “confident” but in the same breath the report says,
"Confidence rebounded in early September as consumers increasingly expected the economy to improve despite their reluctant conclusion that their own financial situation would remain quite problematic for some time,…”
So is it not comical that consumers expect the economy to improve but not their own finances? Do they not realize they are 70% of the economy? Perhaps the PR Machine is doing it’s job making “consumers” (Why don’t they say “citizens”?) feel like the world is getting better even though they look in the mirror and still see the black eye…
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