As President Subprime McDowngrade jets off to another well-deserved vacation,
Tyler Durden alerts us to this chart, which appears eerily reminiscent of
one James Earl Carter.
America's WTF (certainly not to be confused with Winning The Future) economy summarized in one easy chart.
Conclusion: go long the WTF economy by shorting BAC which is a proud sponsor (courtesy of not having received one cash payment for hundreds of billions in inversely overwater mortgages) of the WTF spread.
It turns out that Michelle Obama has
vacationed for six full weeks over the past year, so at least she's doing her part to stimulate the economy.
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