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.


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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