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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: Nihontochicken1/2/2009 11:49:59 AM
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BubbleVision Report

On CNBC, Martin Feldstein, self-professed "conservative" economist, calls for
massive fiscal stimulus plus tax cuts in order to address the failing
economy. Says this needs to be structural, "one time" rebates won't
work. Further says that the economic bottom won't come in 2009, more
likely 2110 if the fiscal remedies employed are effective. When the
turn comes, the government will need to start to withdraw stimulus in
order to preclude inflation, though this may be difficult due to
political considerations.

NC
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