The government’s “ingenious” solution to end the Great Recession was to recreate the same wealth effect that engendered the credit crisis to begin with: The definition of the wealth effect is an increase in spending that comes from an increase in the perception of wealth generated from equities and real estate...."
at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/24_Michael_Pento_-_Fed_Strategy_To_End_In_Disaster_%26_Turmoil.html
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