• The only reason that the U.S. economy is doing as well as it is, is because of the government stimulus package. Now, if the government doesn’t introduce another stimulus package, this one will burn off in the first half and in the second half we could easily slip back into recession.
• Westwood Capital Managing Director Len Blum • Arguing for the need for more stimulus on CNBC this morning. He notes that the government isn’t exactly in a position to be giving out more stimulus money due to the massive amount of lending it’s doing at the moment. Is this guy full of it? Depends on who you ask. Others argue that we might see a soft landing instead of a double dip. We argue that CNBC is full of speculation and it’s kinda hard to trust the speculation from their network. source

Posted by Ernie Smith • Permalink