It is not widely reported but banks have been lending at 80% of normal levels through January but they can't resell their loans to replenish their capital to loan again. These loans are typically purchased in the bond market by individuals, institutions and bond funds. Conservatives have withdrawn from the market since they fear that the Obama administration's policies are not likely to stimulate the economy and specifically US industry and fear a deepening recession. Being pessimistic, they are on the sidelines.
With so many Americans expressing confidence in the Obama administration's policies, you would think they would be snapping up the bargains created by the conservative flight and preparing to make a killing when they turn out to be right about Obama's stimulative plans. Obama still has an approval rating in the high 50% range -- where is the money of the believers to support their president, rescue America and make a fantastic return on their investments when the economy is rescued by nearly $2 trillion of brilliantly conceived and executed stimulaton?
With so many Americans expressing confidence in the Obama administration's policies, you would think they would be snapping up the bargains created by the conservative flight and preparing to make a killing when they turn out to be right about Obama's stimulative plans. Obama still has an approval rating in the high 50% range -- where is the money of the believers to support their president, rescue America and make a fantastic return on their investments when the economy is rescued by nearly $2 trillion of brilliantly conceived and executed stimulaton?