Posted on 04/15/2011 9:15:29 PM PDT by RobinMasters
A respected economic expert is warning that a recession is definite by December and that U.S. stock prices are going to plunge, thanks to Federal Reserve strategies and the soaring price of crude.
John Taylor, founder of the FX Concepts hedge fund and former vice president at Citibank, says the U.S. economic recovery has taken place thanks in large part to the Federal Reserve's money printing campaign, known as quantitative easing, which ends in June.
"Recovery has never really gotten off the ground. It's all government stimulated," Taylor tells CNBC. "We'll be in a recession by the end of the year."
Oil prices continue to rise, thanks in part to a cheap dollar, which will further hamper economic recovery, Taylor said.
Meanwhile, the cost of living in the U.S. rose in March for a ninth consecutive month, led by increases in food and fuel costs that have yet to filter down to other goods and services.
(Excerpt) Read more at newsmax.com ...
The Democrats finally got enough of their ducks lined up to begin to bring it about. The fools and idiots put obama in the White House. The fools and idiots also purt a majority of Democrats in both Houses of Congress. They have shut down domestic oil production in order to get fuel prices where they are now and they are about to tripple. They have regulated farms to the point that most cannot comply with the regulations, and go bankrupt.The planting seasno is just starting and the farmers that are left are paying five dollars a gallon for fuel and their equipment burns from 20-50 gallons a day. Fertilizer is three thousand dollars a ton. and it goes on. Wait until this fall and the big price increases will hit
Heh Heh..how bad do I have it when I have the TV and Talk radio on while I surf FR...
Me too, exactly. With my trusty remote handy. Not 24/7 but occasionally.
Thanks, blam. Do you think Ruppert is credible?
I don't know. This is the first I've heard of him. Just another voice saying similar things.
Do you think Ruppert is credible? “
I don’t know. This is the first I’ve heard of him. Just another voice saying similar things.
I checked out Ruppert. He’s not a good guy. Conspiracy theory nut and he’s also a “Progressive”. Enough said.
G’night Mary Ellen.
Okay, thanks. I'll stay away from his articles.
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