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Politics : View from the Center and Left
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To: KyrosL who wrote (152003)12/11/2010 12:11:40 PM
From: Katelew  Read Replies (2) of 542566
 
It's definitely a stimulative package. Growth estimates for next year are being revised upwards by about 1%. So GDP growth next year should be in the 3.5% area.

Is that enough growth to forestall a debt spiral? My assumption is no. My assumption also is that the package only adds to the financial instability of the country no matter how one tries to sugar coat it or look for a silver lining.

The dramatic backing up of rates this week and the subdued reaction of the stock market makes me uneasy.
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