Monday, March 11, 2013

Investors Buy into Fed's '100% Fake' Recovery: 'Aftershock' Author Robert Wiedemer

Investors Buy into Fed's '100% Fake' Recovery: 'Aftershock' Author Robert Wiedemer
 
The stock market's roar to record highs Tuesday reflected the Federal Reserve's massive easing campaign, not the strength of the U.S. economy, says financial commentator Robert Wiedemer, best-selling author of "Aftershock."

"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."
 
Indeed, the economic recovery is "100 percent fake," he says. "It's built on Fed money-printing and government borrowing. Both are at record levels. That's absolutely crucial to this market rally."
 
 
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