The Great Economic Recovery of 2009 Is a Fraud
The newsletter Growth Stock Wire says recent gains in the stock market are just temporary. Growth Stock Wire says the pickup in leading economic indicators and the stock market's gains are the result of the government’s throwing trillions of dollars into the system. Home sales today are higher this month than last, but way lower than this time last year. Auto sales have picked up due to the "cash for clunkers" program. And the pickup in nearly every other consumer durable product is due mostly to restocking depleted inventories. The newsletter says a better way to gauge the strength of economic activity is to look at the Baltic Dry Index, which tracks the price it costs to ship commodities overseas. This Index is still 60% below where it was a year ago. If the economy were truly in "recovery" mode, the Baltic Dry Index would be moving consistently higher and it's not. The stock market has gotten way ahead of itself. Investors are banking on a booming economy...