the euphoric reaction on the stockmarkets of the fed's substantial tax cut reveals the effective weakness of the economy. (the recovery on the stock exchanges was also due to compensations of short positions. somebody made a mistake?!)

the consoling remark that on 15th may there is another meeting of the open market committee which could decide another cut does not promise good news from the general situation of the economy..

however the magistral fed show gives us a clear lesson who is still in power. for how long?

have a look at general motors sales this year. indications (from the old economy) as this gives us a real picture of the ecnomy. alarming signs.

yesterday was published that 25 % of all japanese bank loans are bad loans that means have to be written off. this amounts ca. 1 trillion us dollars. this money must be taken out of the usa money market.!!!

gigi

note: euphoria is pathalogical and can be observed with people in stress situation like tortures, pains, mortal wounds, isolation, drug abuse, especially short before physical death.

the main point is that during the euphoric status you do not know what you are really doing this means in legal way that you cannnot be made responsible for your doings due missing self control and balance.