Thursday, August 1, 2013

A Clueless Bernanke Type Moment for Jack Lew

File this away--to be dredged up in a few months to show how clueless Treasury Secretary Jack Lew was.

As money supply growth tightens (despite MSM propaganda suggesting otherwise) and interest rates climb, Treasury Secretary Jack Lew told Chris Wallace:
The truth is the core of the economy is strong, it's resilient, and we've been growing.
At the EPJ Daily Alert, I am discussing why a stock market crash may occur this fall/winter, with September/October the most likely window for such a crash.

1 comment:

  1. Certainly less ridiculous than Peter Schiff claiming the economy has been in recession since Dec 2007.