From Creditwritedown.com:
Double dip recession and the perverse math of GDP reporting
http://www.creditwritedowns.com/2009/12/double-dip-recession-and-the-perverse-math-of-gdp-reporting.html
The effect of stimulus and credit expansion has been felt strongly, in the financial assets and commodity prices. However we're all aware of many other indicators showing weakness in real economy... I think the question is whether the pace of recovery will be fast enough to take over the waning government stimulus by late 2010 to 2011.
"Do not go where the path leads, go where there is no path and leave a trail" -- Ralph Waldo Emerson
Sunday, January 3, 2010
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