India at Early Stages of Recovery, Growth to Rise to 8%: Nomura

31 May 2015 | Author: | No comments yet »

Economy is Weak, Stocks Are In A Bubble, And Washington Must Change Course.

About 30 days after each calendar quarter the Bureau of Economic Analysis (BEA) releases its report on how the economy performed during the previous quarter. This last item centers on fiscal policy (i.e. tax policy and regulations) which has stifled small businesses, long considered to be the lifeblood of the U.S. economy. Clearly, the extended run up in the stock market, which long-term requires a healthy economy for strong profits, is in the early to mid-stage of a bubble. Unless and until a new regime is installed in Washington, one which is more business friendly and less concerned with remaining in power, I fear the economy will continue to suffer.

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