Friday, October 29, 2010
‘Dr. Doom’: ‘Fiscal train wreck’ may be coming
A U.S. economist wrote today that the U.S. economy is being called a "fiscal train wreck" waiting to crash because of low growth rates, some of the highest UR in history, and deflationary pressure. He continued to say that when the Federal Reserve announced more quantitative easing, it will have a small effect on U.S. GDP growth possibly causing a double dip recession. With the U.S. economy following this unsustainable fiscal course, economic downside is further heightened and economic growth looks dismal. Do you think the U.S. economy is a "fiscal train wreck" destined to have another crash?
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The investment market does not seem to look that way. Although there has been a high speculation within the market for the quantitative easing to occur, investors are not reluctant to invest in "risky" investments. If investors are betting for the double dip, it can be hard to time the market at the right moment to withdraw the fund.
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