Yardeni Spots The Recovery And Calls It A Double Recovery

Writes Yardeni:
The US economy may be on the verge of a big comeback. It could experience an unusual second recovery over the next three years following the weak initial recovery of the past three years. In the past, recessions were followed by one broad-based recovery in economic activity. The Naysayers have been predicting a “double dip” recession for the US economy since it started to recover in 2009. I’m suggesting that a more likely scenario might be a double back-to-back recovery.

Long time EPJ readers will recall that I called the first "recovery" and the downturn and the current recovery.

Bottom line: This roller coaster environment is the result of mad stop and go money printing by Fed chairman Bernanke. Who really knows what Bennie has in store for us at the next curve? I'll be watching and reporting.

In late 2011, there has been a major burst of money growth that has in the last few weeks been slowed just a bit by Bennie. To me it looks like there is enough money to keep the manipulated recovery going for at least six months. After that it depends on what amount of money printing is done.

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