Monday, January 11, 2010

The Economist: Bubble Warning

Not everyone thinks this recovery is real and this article demonstrates the thinking as to why. Its not a long article, but it will give you a good idea of what has been created that worries so many people, myself included.

2010 may very well be a boom year, with the stimulus spending finally hitting in full force and stocks showing better earnings, but this masks the true condition of our financial system and our government debt. The one major characteristic of bubbles is that you don't know when they will end, they can persist for a long time.

Scott Dauenhauer CFP, MSFP, AIF