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Green Shoots for the Banking Oligarchy and Crap Shoots for Others

By Implode-Explode Heavy Industries

``GDP is contracting at the fastest pace in 50 years. The recent Q1 2009 number surprised on the downside yet the market rallied. The market is rallying because those playing the stock market are treating it as a casino. If it were an accurate reflection of the real economy with record unemployment, historically high debt ratios, crushing contractions, it would be going down further. Many pundits, those that also said there was no housing bubble, point to the stock market as a leading indicator. ''

Full post as published by Mortgage Lender Implode-o-Meter on May 01, 2009 (boomark / email).