The Future Will Come
Aug 24th, 2009 | By Bill Bonner | Category: Politics & EconomicsIs the rally over? Not at all! The world’s bankers say the economy is recovering. Investors believe them; they’re bidding up stocks.
Is the rally over? Not at all! The world’s bankers say the economy is recovering. Investors believe them; they’re bidding up stocks.
Where are we now? Still in the Twilight Zone economy as far as we’re concerned. US stocks ended strongly on Friday. And they’re set to rise again today if Europe’s strong morning performance is anything to go by. Commodities are up too. Nymex crude oil futures are at $74.24 a barrel at writing. Gold is trading at $953.50 an ounce – not far off Friday’s one-week high.