The Owners Of The Fed Know What Is Going On

An excerpt from Bob Chapman's weekly publication.

June 8 2011: Wall Street believes in something that is not likely to happen, the threat of negative GDP, real inflation and quoted numbers to be something different as well, what the Fed knows can hurt you, weak consumer confidence, The Fed has created an inflationary bubble that will collapse one day, sucking the lifeblood out of the system.

Wall Street seems to believe the waning recovery in the economy is only temporary and that further recovery is on the way. Such thinking can get you in serious trouble, unless QE3, or its equivalent, is on the way. It is on the way, as we pointed out 13 months ago. The economy cannot live and survive without it otherwise we could be looking at a minus 5% GDP for openers. Incidentally, there are those that believe that unemployment already is as bad as it was during the “Great Depressionâ€