Are we seeing the end of recession, or 'a lull before before the next big storm'?
End of storm? (Times Up Linz's / Flicker)
August 8, (Market Oracle) - Many analysts are calling an end to the recession. No way, we are only in a countertrend bounce in economic activity before the next leg DOWN. One has to look no further than the incredible bounces of 50% or more in markets halfway to the lows from 1929 to 1933, or in post-bubble Japan since 1989 to see the parallels. The social welfare states of the G7 and their spawn known as FIAT currency and credit financial systems have just masked the unfolding death of their economies. . . continue reading.
