You must be kidding

News. April 9 (Bloomberg) -- Obama Rallies Markets With Policies That Resemble Rubinomics.

My view. Make no mistake about it. The 1990s were an exceptional decade. It happens once in a generation.

We were blessed by the strong growth of the great spenders -- the 40-50 year old age group.

The politicians could do no wrong. The economy had to boom. They did not realize they were preparing the groundwork for the disastrous 2000s.

We are always ready to cheer. We need someone to cheer. The truth is that economic events happen not because of the decisions made by politicians. But because of demographic and market forces.

Rubinomics? You must be kidding. The markets are rallying because of the enormous liquidity injected by the Fed.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

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