Tuesday, November 29, 2011

Missed That

Looks like I was wrong, http://marketvent.blogspot.com/2011/11/and-were-back.html.  I still cannot believe it will stay like this since the cuts were designed to be mutually destructive.  1.5 trillion on a annual GDP of 15 is going to make a dent and if the unemployment and tax cuts are allowed to expire in a month that's an instant -%1 GDP cut too.

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