Wiggin: Bernanke Wrong, Recovery Fictitious

Friday, September 25, 2009 1:25 PM

Federal Reserve Chairman Ben Bernanke has declared that the recession is over.

Addison Wiggin, executive publisher of Agora Financial, isn’t buying it.

In an interview with Dan Mangru of Newsmax TV, Wiggin said that the recent economic data, such as GDP and retail sales, don’t tell the whole picture.

“It’s fictitious growth. It’s government stimulus making its way through the economy. But we don’t see any real recovery at the moment.â€