Thursday, August 6, 2009

Charles Biderman – One eyed man in the land of the blind!

Blatent market pumpers square off with someone who looks beyond the headline BLS numbers. The same bozos who never saw the crisis coming still don’t know what’s happening. Biderman is exactly correct.

I have news for all of them… The REAL LEADING INDICATOR is DEBT to INCOME. This ratio is getting FAR worse on all levels because the DEBT has not been cleared from the system and money printing does NOT eliminate debt when incomes are not going up – they are going down. In regards to the TIPS comment by Biderman, again he is correct about the rampant, and now exposed, printing of the Fed and Treasury. Manipulated data and money printing do not a recovery make.

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