The Illusion Of Economic Recovery Is Beginning To Fade

October 11, 2012 By 3 Comments

Back in March, Eric Sprott informed the world in Sprott’s Markets At a Glance newsletter that The Recovery Has No Clothes.
In his latest update, former Bear Stearns trader Greg Mannarino discusses the fact that the illusion of economic recovery has now faded to such an extent that every Average Joe can see it.  Once again our friend Eric nailed it 7 months ago: the recovery truly has no clothes.

Mannarino’s full update below:


Check out these similar articles:

  1. Eric Sprott: THERE’S NOT GOING TO BE A RECOVERY, & THERE’S NO GOLD TO BUY!!
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  4. Economic Collapse for Dummies
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Comments

  1. Avatar of Plebian Plebian says:
    October 11, 2012 at 2:30 PM

    A ‘glitch’ in futures prices this morning showed charts with gold price quoted at $17,700/oz and silver at $34,000/oz.
    Questions:
    1) Why did glitches occur for both gold and silver, since they’re independent commodities traded on separate symbols?
    2) Why was gold off by a factor of 10, but silver by a factor of 1,000?
    3) The misquoted prices reflect a 1:2 price ratio with silver being 2x as valuable as gold.  Was somebody trying to communicate the fact that future gold to silver value ratio will go from 50:1 to 1:2, with silver prices rising 100 times faster than gold’s?

  2. Avatar of Sumkid Sumkid says:
    October 13, 2012 at 10:26 PM

    The QEs which boost the USA’s economy are not working anymore so of course more people are realizing that the economy is in bad shape and that it is not recovering. The economy in the future is going to be even worst as inflation will grow to infinity and beyond along with QE infinity and beyond so more investors are going to flee away from the US dollar and the crisis will continue to accelerate until the economy collapses.

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