To put it simply, NO, not in the least. What we have been seeing in the financial/equity markets recently are not a real financial/market recovery, but a government-generated financial market bounce.
The Basis of the Recent Market Bounce
This current market bounce did not eminate from the repair and restoration of market fundamentals, but from the US government's promise to completely protect the power, wealth, profits, and most importantly, the dominant financial position of the biggest banks in the United States.
The markets are bouncing because the Obama government just told all the banks, as did the Bush Admin before, that the citizens of this country would bear the costs of the Bank's massive losses. And the insurance companies. And Freddie and Fannie.
The Wall Street Bank's massive bribes to both of the parties have assured that the banks will retain command of the US financial system, which signals that they have also retained political control of the financial policies of our country, even after they have systamatically defrauded, drained, and pushed both the markets and the economy over the brink of failure. The first failure was that of our democratic form, the second failure was our like-corrupted economy.
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