Ok folks, here’s the 64 trillion dollar question for you…
Loading ...I’m leaning toward dead cat bounce for various reasons… In short all the money the Federal Reserve and the Federal Government are pumping into the economy will have a positive effect and we will see GDP rebound in the short term. In the longer term though all that spending will to lead to a weakening of the dollar and rising inflation that will choke off any recovery. You simply can not spend your way into long term prosperity.
Related
- Roubini says U.S. economy may dip again next year – Reuters
- U.S. Inflation to Approach Zimbabwe Level, Faber Says – Bloomberg News
- New Investor Worry: Treasury Selloff Spiking Interest Rates – CNBC
- Thousands of New Jobs ‘Created’ by Obama’s Stimulus Are Summer Jobs for Teens – CNSNews.com
- Leap in U.S. debt hits taxpayers with 12% more red ink – USA Today
- Bond Vigilantes Confront Obama as Housing Falters – Bloomberg News
- Dollar Hits 5-Month Low on Rise in Risk Appetite – CNBC
- US economy sinks at a 5.7 percent pace in 1Q – Examiner.com
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