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05-10-2011, 12:18 PM #1
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Recovery is a Mirage, Fueled by US Govt Borrowing, Spending
Wiedemer: Recovery is a Mirage, Fueled by US Govt Borrowing, Spending
Monday, 09 May 2011 02:09 PM
By Greg Brown and Ashley Martella
video at the link
The U.S. recovery is a mirage, financed by government borrowing and spending, says Robert Wiedemer, a managing director of investment-advisory firm Absolute Investment Management and a regular contributor to Financial Intelligence Report, a monthly investment newsletter published by Newsmax Media.
Borrowing has fueled the supposed economic rebound. Now the government is painted into a corner, facing a debt ceiling but with no clear way to make the U.S. economy grow without taking on even more debt, warns Wiedemer, co-author of the best-selling book “Aftershock,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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