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The economy is in recovery mode! Really?

Posted by Eric LeRiche | August 9, 2010 .

The Economy is Doing Great? Ya Right!

Once again, I`m going to rant at the government idea of putting the economy back on its feet… I know it`s getting old but I just can`t get over this huge scheme they`re setting up. Here let me warn you that I`m not saying the markets won`t continue to go up but I want to make sure you understand that the fundamentals don`t support it one bit! So trade carefully…

The paradox of stimulating growth with government spending or, if you prefer: Let`s use our credit cards to get out of debt and stimulate the economy!

Here we are at the end of the beginning of another week. What have we learned?

Not much. Last week, the markets went nowhere.

So, we’ll think a bit more about Tim Geithner and the other men who rule us. Geithner wrote an article for The New York Times, “Welcome to the Economy Recovery.”

Geithner’s response is that “it would have been worse if we hadn’t done anything.” Here we don’t believe it. It would have been better if the feds had let the market clear…

Let it happen. Let it be. Let the chips fall where they may…so that others can pick them up and get to work again and REALLY get the economy going.

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