Personal consumption expenditures rose 2.2%, 4th quarter includes December which includes the Christmas holidays people buy more during the holidays. For the GDP to contact during the 4th quarter is a very serious and troubling sign.

   Also MSN talks about the large jump in personal incomes in December like is was a good thing, it was people cashing out investments, moving money, and getting their finances out of areas that were taxable out of fear over how high taxes were going to increase Jan 1st. Not a good thing.

Both parties are still focused on their personal agendas passing out kool-aid to everyone, but not focusing on Americas needs. Both sides are throwing up large smoke screens to keep people distracted from the upcoming financial collapse. IE. gun control, the deficit, immigration, Obama Care, tax the rich, entitlements, Gay rights, abortion, on and on. These are all important issues, but Americas house is on fire and both parties are arguing over the type of carpet we need.  We have to put the fire out first, Jobs, Jobs Jobs but know one is focusing on most important issue. At this rate Americas house will be burnt down but we will have a real nice roll of carpeting sitting on the front lawn. We are in big trouble.          

Bernanke and the others have replaced the economic law of supply and demand with the new “the rich banker always wins” law of economics. For this new law to work the government must continually prop up asset and commodity prices to assure the rich bankers always “make” money.

This does look a lot like 07. Artificial interest rates, government solvency being maintained through counterfieting and fed purchase of bad debt on a scale even an idiot would find scary, market driven by flash trading, not investors, more people in the wagon than those pulling it, true economic consequences of Obama just starting to surface and costs escalating daily as groups opt out, especially unions. If it was so frigging good, why did unions work so hard to get it passed?

The squandering of national wealth by Washington is nearly always prefaced by statements proclaiming that a majority of the americans support the program or so polls indicate. That, if true, doesnt mean its wise. If public opinion had any validity in influencing what Washington does, Obama Care would have never passed. 

Well we don't actually make a PRODUCT in America anymore. All that was offshored and now we make a nifty NEW NON-product......DEB​T! Hurrah! Hurrah! Hurrah folks! Yessir step right up...she walks she talks she crawls on her belly like a reptile!! Monetized bundled up and no place to go.

Since nobody seems to care about actual wealth anymore, why doesn't the Fed just print enough toilet paper Benny Bucks to pay off the debt!! What's the difference?? Everytime the Fed prints more, the market just pee-pees all over itself in a big 'rally' anyway. In fact, why do we pay income tax? The Fed can just print a big steaming pile........of Benny Bucks and pay for everything!!!!

....just the beginning of a huge downturn......

Move into cash - let it go down 10-15% and then bottom fish for maximum profits. All we need to start the cycle is one day down of 200 points...then the drops will be exponential!

Good luck everyone and Obama.....thanks for nothing!!