Discussing the timing for the withdrawal of government stimulus, with Kirby Daley of the Newedge Group and Sean Callow, senior currency strategist at Westpac Bank. Daley says the U.S. could be in a double-dip recession next year, in the absence of extended incentive programs. They speak to CNBC's Martin Soong.
It's sad that people just don't understand that went bailouts occur, the Fed prints more money and that money gets pumped literally into the market and raises the dow. The dow doesn't track equity, it tracks MOVEMENT. We haven't fixed any problem from 2008, a double dip recession is coming and will implode the US before may 2011. At this point the dow jones will equal 1/2 oz of gold (gold/dow parity will occur).
llmasterkll 1 year ago