Everybody is celebrating the recovery of Wall Street. This celebration will be short lived. My experience has shown that governments can prop up financial markets for only short periods of time. If you don't believe me, listen to what Jim Rogers had to say on March 12, 2008 about the financial crisis. He was warning back then that Bernanke was "throwing gasoline onto a raging fire".
Jim Rogers says: "Abolish the Fed!"
Here's another Jim Rogers interview. This one is from July 21, 2008 just after the bailout of Fannie Mae and Freddie Mac.
Jim Rogers says: "Last weekend alone we doubled the debt - 5 trillion more!"