Is the US Economy Really in Recovery?

I have my doubts. The reality is we had to beg China to keep buying our debt. They laugh at us and in turn are putting more of their money into hard assets. The Federal Reserve steps in to buy treasury bonds in a program that will end soon.

"This will help the economy," said John Silvia, chief economist at Wachovia, "The challenge comes nine months from now, when the economy starts to recover and the Fed finds itself in a very delicate position. The challenge is the exit strategy."

That does not sound encouraging. It is in China's interest to keep us going, for now. All evidence is that they are slowing backing away.

The bubble economy has no where to go but down.....