The US recovery is little more than an economic 'sugar-rush'

This is a great article, the gentleman really hits the nail on the head. Don't be fooled by the fools you listen to on TV. They are selling Ad dollars, thats it. 

Fine, make money in the stock market but keep one foot out the door, this ain't 1980. We aren't in a new bull market this is a bull inside a Secular Bear. It will end badly, I can't tell you exactly when, but you'll feel it when gold is at 2000 and Silver at 120. 

The US recovery is little more than an economic 'sugar-rush' 

Liam Halligan

Guess what! America is on the mend. That’s right, the world’s biggest economy is now forging ahead, escaping its sub-prime malaise.

Strengthening jobs data last week show the US has reached a “turning point”. On Wall Street, the Dow Jones share index just hit its highest level since June 2008.

As America cranks up, forecasts of higher energy use in the West are boosting oil prices. Brent crude extended gains to over $119 a barrel on Friday, a 32-month high. In London, the FTSE-100 joined the party, closing above 6,000 points for the first time since early March.

Equity markets are interpreting a slew of recent US data as “evidence” the global economy is on the road to a full recovery. Private employers hired 230,000 people in the States last month, building on the 240,000 new jobs created the month before. Forget America’s “jobless recovery”. Unemployment is now at a two-year low of 8.8pc, down from 8.9pc in February and 10.2pc in early 2010.

Survey results suggest industrial activity is leading the charge. The ISM manufacturing index has bounced back from last summer’s slump and is now at levels not seen since 2004. The index measuring hiring at US manufacturing firms is at its highest level in three decades.

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