New bull, new bubble, new meltdown by 2012

[katty]

more: http://www.marketwatch.com/story/the-next-meltdown-will-come-in-2012-2009-08-11

By Paul B. Farrell, MarketWatch
ARROYO GRANDE, Calif. (MarketWatch) -- Something's in the air. You can feel it. A new bull. Hype? Maybe, but also a roaring new bull -- and eventually another meltdown.

Television is a metaphor for our cycles, so see how America's becoming a huge ratings competition:

"America's Got Talent." Complete with kooky judges like "The Hoff" (ex-Baywatch lifeguard David Hasselhoff), Ozzy's wife, and Piers Morgan (no relation to JP). And you've got to love those wacky contestants going mano-a-mano for Nielsen ratings against those noisy "disrupters" being sent to health-care town hall meetings by the GOP crew. A sure sign America's employment picture is improving and the economy is in recovery.

"Who Wants to Be a Millionaire?" Regis Philbin, the original moderator, is back for 11 fabulous nights in August. Why? A cover-up? Maybe it's tied to all the TARP money paybacks and hot earnings that let the "too-greedy-to-fail" banks make more Wall Street insiders millionaires. Wall Street loves Regis upstaging Goldman's giveaway of bonus billions from taxpayers.

"Cash for Clunkers." The Chicago school of behavioral purists might say this program is a perfect example of economist Joseph Schumpeter's "creative destruction" in action. It's also great television, rivaling Nascar, Chopper Mania, Monster Trucks and the local demolition derby.

[bemildred]

1. Maybe. Lord knows they are trying.

I remain skeptical, and in any case if they do get one going, it won't take until 2012 for it to pop unless they print a boatload of money.

[katty]

2. yep before 2012--America, a 24/7 casino