Peter Boockvar Says, We have an “Illusion of Prosperity” – U.S. Economy to Lag Rest of the World « The 2008 Credit Crunch by MoneyBob

The Fed is trying to create “the illusion of prosperity” by fueling asset price appreciation, Boockvar says, staying true to his reputation as a deficit hawk. Even if the U.S. stock market keeps rallying, “non-dollar assets” like commodities and emerging markets will continue to outperform, he says.

URL : http://moneybob.wordpress.com/2009/11/25/peter-boockvar-says-we-have-an-illusion-of-prosperity-u-s-economy-to-lag-rest-of-the-world/