Two Hidden Forces in the Economy
I've been talking about the fiscal backdrop being poor. We've seen the effects of austerity in Europe for the past three years, and they aren't pretty. Now they're about to come here. They're already here to some degree.
The past two months' budget balance produced a surplus of $20 billion in December and what looks to be a deficit of $27 billion for January. In contrast, the "normal" level of monthly deficit spending over the past four years has averaged about $100 billion. Recently it's been running at about $90 billion....437 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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