Time To Cash in Your Chips?

04-26-2013 • http://lewrockwell.com, by Bill Bonner

All up and down Wall Street... in central banks and in Washington... the stuff that goeth before the fall is thick, sticky and stinky.

The economy is recovering, they say. The Fed has the situation in hand, they add. Don't worry... we know what we're doing, they assure us.

Barron's magazine says the Dow is going to 16,000, illustrated with a picture of a bull on a pogo stick.

Prime Minister Abe says he'll revive the Japanese economy by printing yen to buy Japanese bonds. And speculators take each hint from the Fed as though it were a whisper from God Himself.

And all around them, the real economy struggles to stay even. Here's David Rosenberg of Gluskin Sheff with 12 signs that the economy is weaker than we think: