Trends Forecaster Gerald Celente Says Holiday Spending Won't Led to Recovery
11/26/2012 (Updated 11/28/2012 1:56:54 AM)Why won't all the frenzied holiday spending we are seeing so early in the season lead to an economic recovery? Isn't it at least a sign that the U.S. is beginning to climb out of recessionary territory?
Trends Journal Forecaster Gerald Celente of Kingsston N.Y. says the big spending is not a sign of those "green shoots" that politicians were talking about when they first began to reassure the public that we are moving into a healthier economic climate. He says it's fueled by cheap money and low interest rates that cannot be sustained.
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