The Wall Street Pump Monkeys Never Cease to Amaze.
The story from the Wall Street Journal says it all:
Bonds Are Signaling a Stronger Recovery

Excerpt from the article:

That measure is the yield curve — the difference between short-term and long-term interest rates on government bonds. That number is at its highest level ever, surpassing the record set in June, and signals that investors are expecting a stronger economic turnaround ahead.

Really? Are you clowns sure about that? They are under the impression that the yield curve steepening, a “traditional” measure is telling them that money is pouring into the stock markets. With no apologies to the reporters of this article, Emily Barrett and Joanna Slater, perhaps they should go and read a report or two before making an assumption of such grandiose idiocy. Once again the propaganda machines are cranked to ‘10′ on a scale of 1 to 10 as a desperate attempt to save the thieves on Wall Street and the bankster model continues to pound the heads of the citizens of this nation with bovine scatology. It’s bad enough we have three cable networks now promoting “All Bubblevision and Bubblenomics, all the time” with the incessant howling of the Fast Money circus types, the radio blaring stock hucksters like the clowns on locally from Boca Raton who held WaMu to ZERO and told their clients to hang tight on GM also, but now we have the administration doing whatever it takes to convince the masses that it is okay to risk their 40% lighter retirement funds because “this time it’s different” and they have saved the world.

Bullcrap.

Perhaps they should start thinking outside of the box and doing some actual “reporting” instead of going to one of the professional pump monkeys on Wall Street and looking at some actual facts. The first facts are directly related to the future of the real estate market:

Moody’s Adjusts Loss Projections On US Prime Jumbo RMBS

OOPS! That wasn’t supposed to happen. The Prime Jumbo RMBS end of the market is not subprime and was supposedly healthier than the rest of the market according to the NRA pump monkey experts they’ve been trotting out on television, radio and in print. But it gets even more interesting with this report from wow The Wall Street Journal:

Mortgage Market Continued to Falter in 3rd Quarter

That’s not good. The quote from the article is even worse:

The report said that just 67.7% of option adjustable-rate mortgages were considered current at the end of the third quarter, while 27.9% were either seriously delinquent or in the process of foreclosure.

Sprzedaż detaliczna w Stanach w listopadzie i grudniu może w tym roku spaść -1,2% w porównaniu z tym samym okresem 2008 roku.
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Sales in November and December may fall 1.2 percent to $436.7 billion from the same period in 2008, said Britt Beemer, chairman of consumer polling firm America’s Research Group. If lenders weren’t cutting customer spending limits and rejecting more credit-card applicants, sales would gain about 0.8 percent to $445.5 billion, he said in a Dec. 21 interview.