More trouble in Europe.Standard and Poor cuts Spain's credit rating from AA+ to AA.I am sure you are already aware of Greece and Portugal's money problems.
Several Ins company's have posted big gains for the first quarter.Dow chemical and others have posted big gains.Caterpillar says recession is over.G.E says the economy has stabilized.Be careful folks many of these gains are likely from firing and laying off employees.
Banks are still closing daily.The govt is saying housing is picking up
Unemployment is not better.
It is in these peoples best interest to convince you to buy spend buy spend.Caution should be used,I still feel most of this is bullshit.A slight uptick in manufacturing or home sales or construction is not a recovery.Preppers keep prepping.
We are not out of the woods yet.
We are not in much better shape than Greece.China could collapse us in a heartbeat.Our own Govt may collapse us by keeping the printing presses rolling.
Gas is up.And with several disruptions going on in oil production in addition to summer blend fuel,I think prices jumping a good bit is a very safe bet.
I just heard Govt is possibly raising retirement age.
The fed said today they are not raising interest rates.
The Dow was up at lunch time.Doesn't make much sense.Gold was steady.?
No two people are saying the same thing on the news,We are recovering,we are collapsing.Be cautious and keep prepping.If things are good two years from now I might believe it.
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