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'Aftershock' Author Robert Wiedemer to Moneynews: Investors Buy Into Fed's '100% Fake' Recovery. The Dow Jones Industrial Average rallied 125.95 points, or 0.9 percent, to 14253.77, surpassing its previous record closing high of 14,164 set in October 2007.
"Fed money-printing is important" for the stock market, Wiedemer tells Newsmax TV. "The economy isn't doing particularly well. This isn't the economy of 2007; we all remember the boomy times then." This Could Be The Most Dangerous Rally In History, More Suckers Will Be Drawn Into The Market, And It Won't Last. Rand Paul: Economic Recovery Is Illusory. They are all variations on one theme -- that Bernanke is supporting the recovery, and will do whatever it takes to continue to support it. Markets seem to be taking this as a sign that the recovery is real and here to stay. But this is obviously false, and it is this delusion that -- as Hyman Minsky clearly explained last century -- is so dangerous..... Is A Collapse Inevitable? Jim Willie & Gerald Celente: The US Has Become Weimar Amerika. When The Gold Start Skyrocketing, People Will Wake Up To The Ponzi Scheme.
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Thank You.
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