Wednesday, November 26, 2008
Economic Recovery
After such a crisis an economic recovery and many market lags. The changes need to start with where it started in the U.S. The U.S. Federal Reserve Chairmen, Bernake will have to figure out a way to counter or undo the interest adjustments due to the new administration than those of the old administration. As we should know that prior the election the economic decisions of interest rates definitely affected the inflation issues that should continue to affect the economy for years to come. However, all the changes of the new adminstration should be done before spring of 2010. Think the first initial stimulus checks of 2008 was unnecessary. Which monetary policy wise was a small stimulus of consumer spending of the old adminstration was concerned with. It didnt really boost spending bc much research showed many Americans paid debts. So a drop of rates should surged the big investment banks to increase and create and make back the losses of the old admin for the new. However it shall be interesting as to what else will be needed to get the economy back to the strength of global economic leader and thrive.
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