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This Imaginary ‘Credit Crunch’ and ‘Liquidity Crisis’ Is So Painful

Oh no woe is me. We’re in a credit crunch and a liquidity crisis. I can’t get me any liquidity. I can’t get any credit. Boo hoo hoo there is too much inflation. My house keeps falling in value. Boo hoo hoo the war in Iraq is going on too long. The dollar keeps falling and there is too much inflation. I have no credit and no liquidity. PLeeeease Obama help me. I lost my job due to outsourcing. The economy is in shambles. We’re in a bear market. I hate free trade…blah blah blah

The pro-Obama, pro-Ron Paul protectionist, isolationist, anti-Nafta, leftist media will have you believe there is is a credit crunch and a liquidity crisis. But this couldn’t be further from the truth. These is TONNNS of credit and HUUUGE liquidity. You can’t tell me there is a ‘credit crunch’ or a liquidity’ crisis when there isn’t one.

There is still massive credit card spending and consumer debt. Banks are still issuing out credit cards and loans. If there were really a ‘credit crisis’ or ‘liquidity crisis’ that wouldn’t be possible. Consumers and students still maxing out the credit cards. Foreigners coming from overseas to buy US goods thanks to the falling dollar. The left-wing losers will have you think that a falling dollar is bad for the US economy, when that couldn’t be further form the truth. The falling dollar is extremely beneficial to the economy, as I have written last month in a prior article.

We’re in a global economic boom, and if there were a credit crunch or liquidity crisis that wouldn’t be possible. China and India’s GDP’s are growing at 8-11 percent a year. We’re also in a second Silicon Valley dotcom boom with Web 2.0. Housing prices keep surging in the Bay Area. No way you can say there is a housing bubble when there isn’t one. Web 2.0 is certainly not a bubble and facebook is still worth $30-45 billion dollars, contrary to the leftist bubblehead losers who say that is a bubble valuation. We have huge consumer spending and student loans as well. The colleges are packed with students, each of them with credit cards.

Where is the credit crunch, huh? I don’t see it. Pleaaaase help me find it. This credit crunch is so painful. I can’t take it anymore. PLease for the love of god make it stop. I have no credit and no liquidity.

Today Bloomberg reported that the Carlyle Group is near collapse. Creditors plan to seize more than $400 million dollars in assets. Yaaawn…does anyone care? Not me and certainly not the market. Since the article was published the Dow Jones Industrial Average has surged 280 points, reversing an 200 point morning loss. Wow markets up again. This credit crunch is unbearable. Make it stop. If this story was really such a big deal the markets would be deep red, but they are well into the green so that only proves that no one caress about these doomsayer stories published by Anti-free trade, pro-Obama lefties.

You must buy MA (mastercard) stock. The fact that MA stock has doubled this year is PROOF there is no credit crunch or liquidity crisis. If people didn’t have access to credit or liquidity they wouldn’t be able to max out their credit cards and take out loans, and MA would be much lower. Mastercard’s staggering success shows no sign of slowing in spite of the media generated ‘financial crisis’. The consumer is stronger than ever and will continue to max out credit cards, and that trend isn’t gonna change. I have a target of $300 for MA stock this year.

Overall, there is no credit crunch or liquidity crisis except an imaginary media generated one. I am still VERY bullish on the stock market. The bull market which began on October of 2002 is far from over. There is no recession. The dow will retest 14,000 this year, and make historic highs in early 2009. And this ‘credit crunch’ and ‘liquidity crisis’ will be seen as little more than a blip.

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