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"David Rosenberg from Gluskin Sheff said it is remarkable how little traction has been achieved by zero rates and the greatest fiscal blitz of all time. The US economy grew at a 2.2pc rate in the third quarter (entirely due to Obama stimulus). This compares to an average of 7.3pc in the first quarter of every recovery since the Second World War"
obama's policies are dragging out the recession, as he shuffles borrowed money from the private sector to government agencies. Enriching government with borrowed money on the backs of taxpayers is not a way to help restore an economy.
obama's policies are dragging out the recession, as he shuffles borrowed money from the private sector to government agencies. Enriching government with borrowed money on the backs of taxpayers is not a way to help restore an economy.
. . . at least according to the economic expert's email you got.
Because you can not stop a correction; you can prolong the inevitable, but not prevent it.
The debt (all those toxic derivatives, subprime mortgage bonds) are still out there. They did not disappear and they will not magically go away.
All we are doing is putting off the day of reckoning. The longer we put it off though, the more painful it will be when it hits us.
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