Monday, April 18, 2011

revised range estimate is 1298-1310

1 comment:

Bill said...

This downgrade from S&P is pretty serious. Also QE2 combined with high US government spending (read deficits) has been praised by everybody, but its final result remains to be seen. In the short term it's given a boost to commodities (oil, metals, and food) and stocks. Is this healthy growth though? Growth takes patience and sacrifice, and past generations did that. Today we don't seem to have that patience and we have chosen to give hormones (QE2 and high government spending) to the economy. This Keynes type policies have not been proven, it remains to be seen whether this experiment will work or whether it will be a practical refutation of Keynes type economics.