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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (133319)	4/20/2013 12:34:39 PM
From: tejek	Read Replies (1) \| Respond to of 149317

That's why the housing recovery is so important. It CAN be the fuel to revive the economy, but there are so many other deflationary headwinds that I don't think the housing recovery is going to be enough to get us back above stall speed. The prime deflationary headwind right now is Europe........which is practicing austerity as you would like and not doing very well because of it.

To: RetiredNow who wrote (133319)	4/20/2013 12:38:08 PM
From: tejek	Read Replies (1) \| Respond to of 149317

Europe austerity strategy is hurting growth, IMF says IMF officials and outside experts said it was clear that government belt-tightening was taking a toll on growth, especially in struggling Eurozone economies. latimes.com

To: RetiredNow who wrote (133319)	4/21/2013 12:26:34 AM
From: John Vosilla	Read Replies (1) \| Respond to of 149317

there are so many other deflationary headwinds that I don't think the housing recovery is going to be enough to get us back above stall speed. I thought you were always saying inflation in goods and services working people need was the problem? The fact we are barely growing even with zero rates and such stimulus on multiple fronts tells me something. And that is Bernanke is right and the GOP needs to change it's playbook cause Ben can't hold things up forever..