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From: Haim R. Branisteanu	12/30/2009 3:22:43 PM
	of 74257

The delusion of the masses; The criminal conduct of the major US financial institution brought about the recent economic hardship and at present they continue with the same delusion tactics in earnest. The release of the Chicago PMI is heralded as a sign of recovery when in fact it is more a sign of stabilization and mild uptick in economic activity. The PMI is a relative number and not an absolute indicator of manufacturing activity. As an example if until now XYZ corporation was experiencing negative order growth of let say over a year and it is now operating at 60% capacity in absolute terms to 2007 the mere fact that the PMI increased by 10 points does not indicate that XYZ is working overtime at full capacity!! All it means is that there is an uptick in orders from 60% to 66% of capacity and the orders can be filled with the existing workforce – and therefore the employment indicator is slightly over 50% - meaning they do not fire more people – but the other 40% of the employees that where fired since 2007 are still in most cases looking for a job or work part time. In a nutshell today PMI is not an indicator of recovery but only indicated that manufacturing stabilized at a very low level. I only wonder why the BO administration is letting this practice of delusion continue unabated when they promised a CHANGE !! – be ready for the January employment numbers next week whereby the BLS will come out with a similar distasteful hogwash, trying to induce even more delusion. Fact is that if indeed much more people where working, - then retail sales would not be so disappointing – the read from latest retail sales report is simple – people, do not buy because the are unemployed or fearful for their job and very few feels secure to splurge and buy. The way the financial and media outlets are engage in the delusion of the masses is outright hideous and disgusting

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To: Haim R. Branisteanu who wrote (71915)	12/30/2009 4:51:05 PM
From: Maurice Winn	1 Recommendation of 74257

The masses self-deluded. It was obvious early in the decade that absurdly low interest rates and soaring house prices was not a good situation for people taking on 100% mortgages with no visible means of repayment. Blaming the banks is like drug addicts blaming their suppliers. The person choosing to pour the booze down their throats is the person at fault, not the booze maker, regulator or publican. <The criminal conduct of the major US financial institution brought about the recent economic hardship and at present they continue with the same delusion tactics in earnest. > What people choose to do with their own lives is their business. Mqurice

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To: Haim R. Branisteanu who wrote (71920)	12/30/2009 5:43:23 PM
From: Maurice Winn	1 Recommendation of 74257

So you think that there isn't free will after all and that people are mindless automatons aka Mindless Zombies: Subject 53236 August 2002, long before the financial catastrophe of the last couple of years. I prefer the idea that people do have minds and can think. Those who say they can't are doing so AFTER they have lost their money and have their hand out for OPM. Telling them "You are stupid and can't decide things for yourself" would result in them violently disagreeing. What they did was let their greed and ignorance get away on them. They don't like the fact that they messed up. They are bludgers and now want OPM. Mqurice

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