I am sticking with Chairman Bernanke's theory, therefore, I have to believe the start of a recovery will begin in roughly 2 more months. The end of October/November.
I want Chairman Bernanke's theory to be proven. It is just exciting to think that someone could spend their entire career researching the Great Depression and theorizing it, only to have one of their own theories proven. It is an astounding accomplishment. It just seems like a huge accomplishment; and if Chairman Bernanke is successful then we are all successful because then this means this country is on the path of recovery.
I sent an email to the White House last week, that I am not sure will get read, but I think they should have some sort of pep rally for all Americans in October, marking the peak of the banking crisis. October of last year, was so horrifying to most of us that I thought having the President, Chairman Bernanke, Chairwoman Bair, Treasury Secretary Geithner, Paulson, Americans who voted for President Obama, Americans who did not vote for him, small business owners, big corporations, Congressmen and Women both Democrat and Republican united for the same cause - Recovery and Unity! America needs to go into the new year with a fresh attitude and a new start. We need to unite as one and recover as one; and play this game of basketball as one team.
We deserve a recovery. We deserve to spend and shop. An American without shopping privileges is a depressed American. No more depression!! Banks need to lend. We need banks to believe in the consumer, just as the Federal Reserve and Congress believed in the banks. We need revision. We need hope. We need the hope this President promised his voters. We need a new vision for 2010.
The banks are the backbone of this country, but the consumer is the blood supply to that backbone. Banks have to start lending more, it is their lifeline. We have to have hope. Some of the brightest people run banks. We cannot demonize the banks and the banks cannot demonize small business owners and consumers. This is America.
Just a thought.
Stay tuned...I have more to share. Just another day in the mortgage mess!