| Viewing Single Post From: "The US Collapse of 2009" | |
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| Sayf Udeen Ismaeel | May 5 2009, 02:13 AM |
Icon by meagan_chelsea @ LJ
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...Nope... [@BUNNY: 5 years seems to be the consensus among those in the know.  ]Top US officials see recession ending this year THE US recession will likely end this year and policymakers must be ready to act quickly to ensure inflation does not take hold when the economy recovers, two top Federal Reserve officials said. Richmond Federal Reserve President Jeffrey Lacker and Kansas City Federal Reserve President Thomas Hoenig offered slightly different views on when the world's biggest economy will begin to grow again. Mr Lacker, speaking to business leaders the US, said that given the resilience of US consumers and the unprecedented stimulus injected into the US economy by the Fed, he expects growth to resume by year end. Mr Hoenig, speaking in New York, was less confident saying the economic outlook remained "uncertain" and it would take "most of the rest of the year" to move out of recession before starting on a path of "steady, slow" recovery in 2010. Housing and construction data released on Monday added to other recent signs that the worst of the longest recession since the Great Depression may be over, driving the S&P 500 stock index into positive territory for the year. Last week, the Federal Reserve monetary policy committee said the outlook for the US economy has improved a bit in recent weeks but that low interest rates would be needed for some time to ensure it recovers from its deep recession. http://www.news.com.au/business/story/0,27753,25431940-31037,00.html |
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| "The US Collapse of 2009" · Current Issues in Society | |
11:27 AM Nov 29
