Technically, Ben Bernanke is RIGHT!

2 Days ago, Ben Bernanke said recession is over. It's the greatest news especially to wall street and stock market all over the world response well.

To be honest, I think Ben Bernanke is technically right this time. According to Keynesian economics, recession mean 2 continuously negative economic growth. I am absolutely confirm that US will register positive economic growth for the third quarters of 2009 simply because of trillions of Dollar been pumped into the system.

So, Ben Bernanke is right. Nowadays we use Keynesian theory to run our economics and he is following the rule.

However, is US economy back on the "right track" again? I don't think so. Is GDP the only indicator of economy?

NO. Until today we still don't know what is the figure of money supply in US (M1, M2 or M3) since it's controlled by a private agency called Federal Reserve. So, if rise in money supply is higher than rise in GDP growth, then we are looking bubble and inflation.

However, we are neither looking at Asset bubble of Japan in the late 80's nor Asset bubble of China in 2008. We are talking about a "poor" country that own 60% of world's total debt facing some giant bubble.

So, from what i can see, this bubble will kill US dollar and US economy. If you think the economic crashes of 80%, burst of dot-com bubble or recession of 2008 is terrible, wait until you see the next crashes. It will be so huge and will sent US back to square one. Dollar will fell through hell and precious metal price will skyrocket.

However, since now recession is over, enjoy!