Peter Schiff on the False Recovery

My thoughts: Schiff is correct. The fundamentals are not sound. The groundwork has been laid for massive inflation. Unemployment is not 8.9%. There has been two consecutive quarters of GDP decline of over 6%. The situation is not good. Thw stock market has bounced back about 30% over the March 9th lows. People forget that dead cats bounce also. When GDP figures start climbing the Fed will be truly tested. It will fail. The next period of GDP growth will not likely exceed 3 years and inflation will top 10%. Bernanke will not know how to react.