The banks are looking for an out

The big banks in the US are in a bad way. Easy money and loose discipline have landed them in deep doo doo. The monies flowing in from Singapore, Abu Dhabi, and China won't bring them relief. They're scrambling for an out, and guess what they're doing. They combing scholarly articles and the pundits pronouncements in the written media, to boost up morale by saying, no, there's no recession; the fundamentals are good; and at the end of the year, although growth will creep along, the gang's all here and in good shape, more or less. Flummery, Freud would call it. Voltaire's Dr. Pangloss is what they are looking for. They see no further than the fat wallets they're sitting on. Inflation is a taboo although it is proven that some inflation spurs on economic growth...but they relie on consumerism, but the public is in a huge pool of debt...so the sponge is being squeezed tight to keep these scam artists from a gotterdaemmerung. They're bankrupt in ideas but in shucking and sliding and cooking up Ponzi schemes...Yes, narrowed minded, savants idiots of bankers, you're in trouble and the shame of it all is that you're bringing all of us down.