Lest You Doubt Class Warfare (and we're losing!)

The wealthy have seen after-tax income increase **278%** in the past 30 years, while the middle-class has gone up only 35%! (CBO) Don't ask about the poor.

The Ugly Truth: U.S Refiners Sell Their Fuel Overseas for $

Ain't that a kick in the head!

American (or UN-American??) refiners are exporting record amounts of gasoline and other fuels to other countries; that means less surplus here, and U.S. consumers are hence paying more for our fuel!

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Gasoline supplies are being exported to the highest bidder, says Tom Kloza, chief oil analyst at Oil Price Information Service. Refining companies won't say how much they make by selling fuel overseas. But analysts say those sales are likely generating higher profits or they wouldn't occur.

Economists Reduce Fear of Recession

A CNNMoney survey of 20 top economists finds their fear of the economy falling into a new recession has retreated in the last three months, as they put the chances of a new downturn at only about 20%. Three months ago, they believed there was about a 30% chance. Only two of them have raised the risk of recession.
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And... you believe these idiots??
Risk of re-recession 20%?? I'm still betting 50%+!

Santa Claus rally will leave coal for 2012

"economists have also cut their odds of a new recession in the next six months down to 15%, from a 25% chance only three months ago" OPTIMIST-PRIME!

Stock Market is rigged...!

Manipulators and speculators are driving up the market, and also commodity prices: oil is no way worth $96.80 a barrel in this fragile, limping economy! I expect a major drop in all indices, once the feces in Europe ripens.

Got this feeling that the big boys are trying to squeeze one more dollar out of the supposed recovery before it all caves in - wish I could see who's buying and storing foodstuffs.

"Good" News: 3Q 2011 GDP +2.5%...

BAD NEWS: CNNMoney economists predict 4Q will slow to 2.2%; then 2.3% thru 2012. If this were true it would be abysmal; in fact, I expect the economy to contract again in 2012, and enter the long-pooh-pooh'd double-dip recession. We'll see who's right...(BTW U.S. unemployment still "officially" 9.1%)

SUPRISE: bankers don't want to lose money

Europe's tightrope walk above Greece default reaches center-rope between now and Oct. 23rd: big banks are resisting cutting Greek debt in a controlled fashion to avoid outright default and CDO chaos. German bankers are making noise about maybe not making as many loans if they lose too much on the deal. Either way this goes, Europe is facing another financial crisis and an almost guaranteed second recession.