And Kudlow said, "Dow 35,000". None of those assclowns have more inkling about economics than their hero, John Keynes.
Those numbers don't mean dick, Colin. Any economic expansion we have right now is nothing more than another false boom provided to us courtesy of the Fed's monetary expansion. You can't create wealth by creating money out of thin air and pumping it into the economy.
In the short run, you'll get a false boom. Right after that, you'll get a nice bust. We haven't even bled all the bad money out of the economy from the 95-99 expansion we had.
To give you an idea of what I'm talking about, go to:
this link, and look at the money stock since 1995.
Here's the graph:
That's a recipe for disaster.
I cannot over emphasize how important it is for people to read the articles at
vonmises.org. That's real economics, and real situations can be explained there.
A great article to start with is this one by the guy who predicted the bust:
http://vonmises.org/fullarticle.asp?contro...+Burst%3F&id=59