A Recovery Foundation Built on Sand
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by Michael Pento August 17, 2009 A Brief Review Instead of allowing a cathartic and reconciling recession to run its course, the Fed decided last year to again bail out the economy by greatly expanding the money supply. In this latest case of artificial intervention, the expansion in the monetary base was a record-breaking trillion dollars, but that intervention has abated in the last few months. What should become clear fairly soon is that the apparent recovery in the markets and the econo
Tags: Nationwide Drug Interventions