Monday, September 20, 2010

So, will Obama will get the 2010 Nobel Prize for economics to go with his
2009 Nobel Peace Prize ? Amazing!

Jack

Jack,

It doesn't take much to cause an up tick in the positively biased, nominal GDP. The transition of confidence from the public to private will follow a similar path as the Great Depression. Regardless of official proclamations, the pendulum of confidence will be pushed in one direction by the persistently sluggish economy.

Regards,

Eric

Source: marketwatch.com

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