PeakTrader.com

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PeakTrader said...

If there's one word to explain this historically slow economic recovery, after the severe recession, it's "equality."

Obama's Libya policy is similar to his domestic economic policy:

Degrade one side to create a level playing field, and eventually destroy the side being degraded (e.g. through a financial seige).

However, if the degradation doesn't result in destruction, a civil war may kill many more people, on both sides.

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Another "soft-patch" similar to 2010?:

U.S. bumps up Q4 growth, seen slowing in early 2011
Mar 25, 2011

Another report showed consumers in March were their most downbeat in over a year as food and gasoline prices jumped.

The Thomson Reuters/University of Michigan index on consumer sentiment fell to 67.5 this month, the lowest since November 2009, from 68.2 in early March and 77.5 in February.

"First-quarter GDP is shaping up to be on the soft side," said Ryan Sweet, a senior economist at Moody's Analytics in West Chester, Pennsylvania.

According to Sweet, data so far suggests growth in the first three months of 2011 was between 2.5 percent and 3 percent.