Job growth has been hard to come by in the current administration, and Miller equates this to a truth that’s hard to understand.
Austin, TX (PRWEB) January 15, 2013
Absolute Wealth has recently published the newest editorial article from David K. Miller, the company’s Managing Editor and economic analyst. The article takes a look at the so-called zombie rally, which Miller says is “headed mindlessly to devour anyone in its path.”
“There are 3.5 million fewer folks working than when Obama took office, and in a largely consumer driven economy where consumers are cutting up their credit cards - that doesn't bode well for a recovery,” Miller wrote. “As I've said before, the only reason stocks are high and interest rates are low is because Bernanke and Obama keep printing money and borrowing from future generations.”
Job growth has been hard to come by in the current administration, and Miller equates this to a truth that’s hard to understand. “Main Street is broke,” he wrote, “while Wall Street thrives.”
“While I wouldn't recommend trying to pick a top in the market, watch for a pull back in the coming week or two that could really freak out the bulls,” wrote Miller in the article. “Then we'll see if buyers scoop up bargains or if the market is ready to test last November's lows or beyond.”
David K. Miller is an investment and financial expert who writes, analyzes, and advises as Managing Editor of Absolute Wealth. His experience as a professional trader has led to a vast knowledge of modern techniques and strategies, and many of the programs, Special Reports, and other features from Absolute Wealth and the Independent Wealth Alliance originated from Miller, or included his input in one form or another.
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