Wednesday, February 08, 2012
1. Top manager Hussman: Beware a "whipsaw trap" in stocks
 
2. A great round-up of last-minute gift ideas
 
3. The surprising reason we celebrate Christmas on December 25
 
1. PIMCO's Bill Gross just made an astonishing comment
 
2. Richard Russell: This could be 2012's "market moving" event
 
3. New report reveals Federal Reserve president owns millions in gold and platinum
 
4. This morning's "fantastic" jobs report is hiding some shocking news
 
5. An incredibly simple and inexpensive technique to improve the taste of any wine
 
Steve Sjuggerud: The recession is over
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Friday, February 26, 2010
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By Dr. Steve Sjuggerud in DailyWealth:

"There are still no jobs here," my friend Lee tells me.

Lee used to work for a beachfront resort on Florida's east coast. Our town was built on tourism and real estate. Both are dead. The resort is on the brink of bankruptcy.

I told you Lee's story a few months ago in DailyWealth. The situation isn't any better today. I lent him some money recently... which I know I might not see again.

Officially, Florida's unemployment rate is 12%. But unofficially, it has to be much worse... When 20% of Palm Beach County residents are 90 days or more behind on their mortgage (as I wrote about in DailyWealth here), something is going terribly wrong.

With all this terrible news in Florida, what I'm about to say might sound crazy to you. But I believe it is true: The recession is most certainly over. In fact...

Read full article...

More from Steve Sjuggerud:

The most amazing chart in the world

The best currency trade in the world right now...

China could be headed for its own Great Depression

Topics: Steve Sjuggerud | Recession | Cruxallaneous
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