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Thursday, October 29, 2009

Off the slab 


Paul Kedrosky:

Turns out coursing a few gigavolts of financial stimulus current through even an economy the size of the U.S. will still get Frankenstein off the slab, however briefly.

More here.

1 Comments:

By Blogger MainStreet, at Thu Oct 29, 05:06:00 PM:

Since the "cash for clunkers" incentive borrowed from Peter (Oct & Nov) to pay Paul (Sep) and this represented about 50% of the GDP increase, look for a dip this quarter in auto sales.  

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