Comments on: Is the current market optimism justified? Sat, 03 Jan 2015 16:42:55 +0000 hourly 1 By: rikfre Mon, 04 Feb 2013 18:14:58 +0000 no how. those numbers are made up from cooked books,. If you are out there trying to make a living it is extremely difficult. Those cooked numbers will catch up to the reality of the economic situation that is starting to erupt worldwide and governments (and Corporate minions)are attempting to sweep it under the carpet by increasing unemployment and printing money. Warren Harding & Herbert Hoover for 2016..

By: reality-again Sat, 02 Feb 2013 15:18:09 +0000 Mr. Kaletsky,

Either your a scientist or a believer.
If you’re an economist you’re required to look at facts as they are, without believing or hoping, and without applying any kind of attitude.
Optimism is an attitude or a belief, it’s not a scientific approach.

The US population is growing at a 0.7% annual rate, according to World bank data.
Therefore, a 1.5% annual growth rate in US GDP is just 0.8% in real terms.
It’s hardly better than no growth at all, and for the average and low income American it means stagnation or getting poorer, because most of this less-than-modest growth benefits the top percentiles without trickling down.

Recovery has been happening in Wall Street, not in America, for which there is stagnation at best.

By: PseudoTurtle Thu, 31 Jan 2013 19:21:05 +0000 You state, “For the next few months, however, the optimism in financial markets and the business community looks justified.”

Your article is closer to the truth than usual, but no cigar.

The US economy is NOT recovering, mainly for these reasons which I have excepted from an article the present bubble economy titled, “A Credit Theory and “Ro, Ro” Update” by Doug Noland, January 11, 2013

“Treasury and Fed monetary fuel has inflated financial asset prices across equities, bonds and fixed-income more generally. Furthermore, monetary inflation has inflated real assets, especially anything providing an income stream (i.e. farm land, rental homes, commercial real estate, etc.) more enticing than depressed cash and bond returns. Moreover, the atypically systemic inflation in securities prices has worked to broadly loosen financial conditions and boost perceived wealth throughout the economy, again limiting the degree of conspicuous inflation and associated excess in particular sectors.”

To read the whole article, here is the link. ditbubblebulletinview?art_id=10748