Sunday, June 7, 2009

This doesn't sound good

1Q credit card delinquency rate jumps 11 percent

I note that the professionals who get their views published are almost all citing various indicators to support the "forecast" that the recession is bottoming out.

Me? Until SecTreas Geithner presents a clear strategy for dealing with the big banks and other Wall Street powers, I'm skeptical.
... and I've pretty much lost hope that SecTreas Geithner will EVER present a clear strategy.

I'm coming to the conclusion that a half-dozen randomly selected voters could do a better job crafting an economic policy than the economic whizzes in Obama's administration.

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