Markets Are Ignoring Economic Reality

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In this clip from the May 23, 2013 Cavuto show, Steve Odland articulates how U.S. markets are not taking our economic situation seriously.  China manufacturing numbers have moved negative, meaning the world engine for economic growth is slowing.  This inkles a poor Christmas buying season since most retailers and manufactures should be in full swing for the holidays.  Further, Federal Reserve Chairman Ben Bernanke suggested that the Fed will dial back bond buying in the future so the era of easy money will be ending.  The only other solution is to print money to satisfy the increasing debt and cover our deficit spending.  Asian and European markets sold off on all this news but inexplicably, U.S. markets did not.  We cannot keep going like this economically and keep hitting record highs.  At some point the U.S. will need to pay the piper.

— Steve Odland


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