US Economy Nowhere Near Recovery
Posted by admin on July 30, 2010 under Forex Videos | 
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Discussing worse-than-expected US non-farm payroll data and how that will shape forex trades today, is Michael Woolfolk, senior currency strategist at Bank of NY Mellon, speaking to Simon Warner, head of macro markets at AMP Capital and CNBC’s Karen Tso.
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gordonfreeman1375 said,
one thing to stop this collpase is stop buying fucking military reserch
TheSharpenedPen said,
The economy does not need stimulus – that’s the last thing it needs!
What is needed, is massive downsizing of government, a reduction in taxes and services and subsequent reduction in deficits. Trade protections are needed to stem the tide of US de-industrialization and the overgrown trade deficits. A pull back from world policing would likewise save billions, and help reduce deficit outflows.
Unless a concerted reduction in government & private debt takes place, the US is a sinking ship.
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