collateral = toilet paper.
recovery built on debt with NO JOBS = NO RECOVERY AT ALL!!!
There is no recovery. None, nada, zero, zilch.
Remove the $3+ trillion the fed has put into the financial markets and lets see where the DOW sits after that. Fox Biz had a guy on that claimed the DOW would be at 5,000 right now if not for the money laundering going on by the fed.
The one interesting factual number is that companies have about $19 trillion in cash combined; a rise from $12 trillion a few years ago. That’s about $65,000 per person in total or $23,000 with the rise alone. Is that real? Have we all spent that much money per person in the last few years and have companies saved that much back? I believe the value of $19 T is real but where did it come from?
-——Where’s the collateral for all this debt-——
The full faith and credit of the United States of America