October 29, 2009
Third quarter results show that the U.S. economy grew by 3.5 % ahead of what most analysts were predicting and a reassuring sign that the stimulus is beginning to do its work(more of it needs to be actually spent as soon as possible to lower unemployment rates) and the economy is on the long road back to health. This result should but probably won't cause the doomsters and gloomsters to retreat for awhile . The pessimism in the financial and stock markets needs to be overcome and businesses need to be restocking inventories and hiring back workers for the coming months of expansion while the government goes about its business of reregulating the financial markets and ensuring that greater equity prevails. In the meantime the news about the return of positive growth is good and should be taken in as an optimistic sign.
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