They see reality through the prism of the banking system and their circle of friends and associates, mostly laboring in the 'unreal world' of the academy, government, and the Banks.

They tend to diminish their own culpability and shift the problems they are creating to the 'fiscal side' of the house, the dysfunctional government. They do have a point, but they are mostly moral cowards and courtiers to power and privilege, rationalizing their own servility.

Things are going to be getting rougher before they get better.

There is no recovery.

There has been no genuine reform.

There is another asset bubble.

The careless few are doing very well, and do not care.

Have a pleasant weekend.

By Jesse

http://jessescrossroadscafe.blogspot.com

Welcome to Jesse's Café Américain - These are personal observations about the economy and the markets. In providing information, we hope this allows you to make your own decisions in an informed manner, even if it is from learning by our mistakes, which are many.

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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