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Saturday, December 5, 2009

Making Money on the Phony Economy

Making Money In the Phony Recovery

“It’s working for now,” Steve says, “but there will be a day of reckoning. Governments don’t create wealth. They simply redistribute it. Government spending programs simply create the conditions for massive inflation.”

So if you want to call the global infrastructure boom artificial because of heavy government involvement, you can. And if you think it’s going to encourage inflation, you’re right again.

But that doesn’t make the profit potential any less real. Especially for companies like Caterpillar that stand to make big profits from government spending on infrastructure.

Dozens of multinationals will benefit from lavish government outlays. None more than one American icon..Read the full story.

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