The Fed and the administration are taking extraordinary steps in an attempt ot get us out of this recession. But movement is being seen.
We agree on that...a movement is being seen.
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The Fed and the administration are taking extraordinary steps in an attempt ot get us out of this recession. But movement is being seen.
We need intelligently applied stimulus.
We need intelligently applied stimulus.
We would have been better off had they had simply given every adult citizen $3,000.
Slow or fast, no matter.But it is a slow train. Not supposed to reach it's destination for around another 5 years.
The bridge is out and won't be replaced.
You have about 18 months.
quite right. The standard economic income model in even its simplest form is amazingly complex. Balance sheet analysis is much more complex but more important. There are both for profit (exp. New Constructs) and non-profit (exp. AAII) that pretty much stick to analyzing balance sheet footnotes of publicly traded corporations. NO one wants to try that for the economy as a whole which does lead to stupid decisions no matter who is in office.
The recovery is different from most other recoveries because this has been a different type of recession compared to all the recessions since WWII, with the exception of the 2001-02 recession.
This is a balance sheet recession which has been caused by an excessive build-up of debt, as opposed to a demand recession, which is usually caused by rising interest rates to stave off rising inflation expectations. In balance sheet recessions, it takes a far greater amount of time to wipe out debt and capacity and recalibrate demand at a lower level. Thus, economic growth is likely to be low and unemployment high for some time. Most economists don't understand this type of recession, or at least didn't, as debt is considered to be netted out to zero in equilibrium models. This, in the real world, is wrong. In this sense, the recovery isn't really on track compared to past recessions.