Ford and GM bonds on the verge of “junk” status. Consumer price inflation “surprisingly” high. And just when you thought our trade deficit didn’t really look like that of some South American banana republic, it hits another record high.
Yes folks, as the smiling gentlemen in D.C. will rush to assure you, these are the makings of a healthy expansion, and solid, albeit “measured” economic growth. Everything remains on track as rampant speculation in real estate by the gluttons for punishment who didn’t quite lose enough in the collapse of the stock market bubble (but will soon have what’s left of their heads handed to them on a platter) make quite clear.
