The U.S. President will make a series of accusations about the situation where the economy is following the series of emergency measures and incentive adopted by his government, which included the nationalization of financial institutions, the contribution of funds Emergency banks, and a fiscal stimulus package of $ 800,000 million. (more…)
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The employment situation of weak U.S. will continue well into next year and well after the recession has ended but the worst of the labor market crisis has passed, leading economists said on Thursday the private sector.Economists polled by the September survey of the Blue Chip Economic Indicators said that the unemployment rate will reach at least 10% in early 2010 and “will from that level only with great difficulty in the second half of the year.
The leading economist said the Fed’s balance sheet is significantly oversized, and that monetary policy makers must find ways to adjust.The inorganic mass emission of money, has its days numbered, otherwise the risk of inflation will be present in force amid the economic recovery.Taylor is one of the economists who believes that the relatively low interest rates prevailing during most of the period in Alan Greenspan as Fed chairman, was instrumental in rampant credit expansion that eventually led to the bursting of the bubble Real estate and finance, with disastrous consequences for the economy.