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Bird's Eye View: Thursday, June 25, 2009- Fertilizing "Green Shoots" with Manure...

The Manure salesmen have been out in force using another new term from Wall Street to sucker investors into buying. That new word is..."Green Shoots".

Steve Leuthold from the Leuthold Group was interviewed on Bloomberg a few days ago, and while he is no longer a bear, Steve chuckled at the new "Green Shoots" euphemism, and said;

"Too much Fertilizer can kill a "Green Shoot".

Of course, Steve was referring to the aggressive stimulus being pumped into the economy, and how the results could kill off any chance of a sustainable recovery.

Warren Buffett was interviewed on CNBC yesterday, and was asked if he was "seeing any of those green shoots?" Buffett replied, "I looked. I wasn't seeing anything. I had a cataract operation on my left eye about a month ago and I thought maybe now I'll be able to see green shoots. We're not seeing them."

These comments were in direct opposition to the Fed chairman (Bernanke) was said that the "pace of economic contraction is slowing, and the conditions in financial markets have improved in recent months."

When trying to decide who to listen too, listen to the people who mock terms like "Green Shoots, Goldilocks Economy, Soft Landing, The Resilient Consumer, Points above new all-time high on your TV screen, and don't forget this one...Erin Burnett's, Economic Nirvana."

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