Wednesday, January 13, 2010

Fed: Recovery spreads but doesn't spur hiring

The economic recovery is spreading to more parts of the country even as a growing number of people can't find full-time jobs.

While infinite QE and FASB flexibility can restore financial profits, it does little to spur the real economy. Excess global capacity will continue to deter current investment, thus, future job creation in an environment of declining consumption.

Source: finance.yahoo.com

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