 |
|
No double dip recession
|
I do not see any double dip recession.I think there is fear of it.Sometimes fear creates self fullfilling prophecy.However not on this case.Home sales show that US economy is on the right direction,that's what matters.Bank earnings are good even though there is balance sheet make up.
Barnanke plan just works.Howeer I think there will be a second crisis.But this time rising interest rates will cause it next year.Meanwhile stock market might go up in excess.The world is doing ok.EU will cut its budget deficits heavily and China will adjust itself to the new world economy.I still think the real problem will come after the recovery.Some counties simply can not catch the train once interest rate train is on the way.With huge deficits rising rates might create problems for so many countries in th world.
Federal Reserve Chairman Ben S. Bernanke said unemployment is “the most important” problem facing the U.S.
“Unemployment is the most important problem we have right now, and we take the dual mandate extremely seriously,” he said yesterday in response to questions at the House Financial Services Committee in the second day of semiannual congressional testimony on monetary policy. “I would respectively disagree that we haven’t been doing anything or not been urgent.”
The Fed has “pushed monetary stimulation to the highest point in American history” and “tripled our balance sheet,” among other “very strong steps,” Bernanke said. “What we can do is make financial conditions as supportive of growth as we can and we are certainly committed to doing that.”
|
| Tarih
: 7/22/2010 |
|
|
View
All |
|
|
|
|
 |
|
Untitled Document
| |
 |
| |
 |
Copyright
© 2006 Mert TOKER All Rights Reserved. |
|
|
