Friday, September 25, 2009

NZ Recession over! (sarcasm)

Apparently, the same day that he declared the recession "technically" over, New Zealand bankers paraphrased it within the hour. I suppose this means that the escalating GDP decline is "technically" a sign of Happy Days returning.

... and that the unemployed folks are "technically" all just dirty liars.

Even the part time jobs have diminished. The question is then, why do the central banks want average folks to believe in a come back? More likely than not, the banks are preparing to take large short positions, and need liquidity from the "mom & pop" investors stupid enough to repeat the finance company mistakes.

0 Reflections: