Cisco extends recovery, net income up 63 pct in 3Q
Federal budget deficit hits April record
To me, the recovery is not real if we are effectively increasing the national debt at a record rate in order to fund it. It’s just a shell game where big corporations act like they are making profits in an open market but in reality their profits are ultimately being funded/stimulated by federal debt. There’s not much to do about it but ride the Ponzi train as long as its running. Just don’t be too surprised if the bridge is out ahead. In other words, play the Ponzi but don’t get in a position of relying on it. That, I think, is exactly what the smart money is doing. As we saw last Thursday on the Dow, the big money is ready to run for the exits at a moment’s notice.
