Reply #7: Got a good dead cat bounce for the market [View All]

[Warpy]

which means we'll see a few more spectacular falls before Stupid is gone.

The problem is that the second shoe of bad mortgages is about ready to drop, all the fraudulent loans that were extended in 2006 to try to keep the housing bubble pumped up.

Nobody knows quite yet how bad it's going to be, but there's no way any small part of the economy will improve until the disaster is over.

There's no way the economy as a whole is going to improve until people are back at work at wages they can live on.