The Great Recovery Hoax of 2009-2010

[jschurchin]

The Great Recovery Hoax of 2009-2010

There can be no debate that, in each of these episodes, things did go up: The Nasdaq soared before it crashed. The median price of U.S. homes skyrocketed before it collapsed. And now, the U.S. economy has reversed course — from four consecutive quarters of contraction to at least one quarter of expansion.

There also can be no doubt that these trends do not end overnight. They can continue for months — often plowing over skeptics and even exceeding the expectations of believers.

Most important, however, there can be no question that all three of these episodes have had one key element in common that ultimately self-destructs: Massive intervention, support, and free money from Washington.

To get a solid sense of how that’s unfolding this time around, pay close attention to these three independent economists:

The rest can be found here: http://www.moneyandmarkets.com/the-great-hoax-of-2009-2010-2-36247

Martin Weiss is one of my fav's. He looks at our national economy without pretense, and calls it like he see's it. The one thing he is not is Kevin Bacon in Animal House "Remain calm, All is well!"