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Perception Vs. Reality

US Stocks Gain On Report Of Pending Home Sales . . . Pending Home Sales Rise the Most in Over Seven Years . . . Consumer Confidence Spurs Broad Gain . . .

You see the same bullshit headlines churned out everywhere you turn. Yes sir, we’re supposed to believe the recession is over, recovery is underway and prosperity is just around the corner. We need to go out and fulfill our patriotic duty, which means buying things, preferably houses. That’s what smart investors would do, we’re told. And judging by the polls, Americans are starting to believe it. (more…)

June 5th, 2009 | Comments (39)