by Greg Weldon, Casey Research:
Louis James: Welcome, ladies and gentlemen. Here with us is Greg Weldon of Weldon Financial, who has just given a talk. Why don’t you give us the quick version for our viewers who didn’t make it today?
Greg Weldon: The quick version of the hour speech I just gave in 35 minutes? Yes. Well, the speech is “the recovery: is it a reality or is it not?” The recovery is a perception that has been generated by trillions of dollars added by the central banks to the system – and I think the answer is a little bit of both. I mean, the reality is that they’ve added trillions of dollars to the system and this has successfully reflated asset prices.