Stocks, Commodities Gain on Speculation Global Economy Returning to GrowthHuh? Irleand is going to drop nearly 29% of it's GDP in an attempt to get rid of Toxic Assets and the world economy is getting better? And there are stories like this almost EVERY DAY. Banks on the brink... banks failing... yet all of a sudden things are getting better?
Global Confidence Index Holds at Record High on Signs Recession Has Ended
Ireland Will Spend $79 Billion to Purge Financial System of Toxic Assets
I am totally lost. Sure things are better than they were six months ago, but let's not for a second believe that because the DOW is up 2% every day now that things are back to normal and the Sept. 15, 2008 — Sept. 1, 2009 was just a minor bump in the road. Governments are keeping banks alive and without banks then there is no capitalism.
It's going to take a long time for us, as a nation and world, to get back to where we were in 2007. But then again, as we found out, much of that money in 2007 was... well... not real.