1st of the month=housing showing signs of life
15th of the month=housing showing signs of stabilization
The reality of shadow inventory=never mentioned
Single dip= reality
Double dip=reality reminder
Robbing American citizens blind=stabilization between the first and second dip
I’m broke= "restraints in income......."
Your grandmother’s broke=QE2
Everyone’s broke=bad weather was a factor
The unexplained rise in sales of cat food=QE3 is an unequivocal success
The end of free markets=victory for the bulls
Fake statistics=bears caught off guard
Soon to be revised statistics=bull rally continues
Inevitable revision of statistics=POMO day
1000 point drop=Waddell and Reed sold something
No human is stupid enough to buy stocks=another round of cuts on Wall Street
Oil at $120=QEx
Oil at $100=QEx
Oil @ $90=QEx
Oil @ $50=A huge boon to the economy
QEx=put it together yourself
Hard times=’Summer of Recovery’
Harder times=”Welcome to the Recovery”
Rats on a sinking ship=U.S. Economic recovery team
Guy who cut more jobs here than created=Jobs council leader
Guy who lost a billion dollars=Chief economic advisor
Guy who cheated on his taxes=treasury secretary
NY fed chief who bought house near the top of the fed induced housing bubble=same guy
Guy who completely missed housing bubble=guy to help fix housing depression
Joke= economist
Bad joke= Wall Street economist
The joke of jokes=Joseph Lavorgna
100,000 jobs created =recovery
18,000 jobs created=soft patch
Surge in pitchfork sales=rescindment of birth/death model
Record stealing=trillion dollar stimulus
Massive Theft=QE2
Complicit to it all=Congress and Senate
Global kleptocracy=The ‘New Normal’
In prison=Bernie Madoff
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