Uncertainty about U.S. fiscal policy, stalled global growth and ongoing turmoil in Europe are...
Friday, July 6, 2012, 6:55 PM ETUncertainty about U.S. fiscal policy, stalled global growth and ongoing turmoil in Europe are turning the U.S. into a slow-moving, zombie-like economy , says CRT Capital's Ian Lyngen. Fiscal stimulus has provided enough to keep GDP moving, albeit barely. Economist Mark Zandi disagrees slightly. "I don't think we're dead, like a zombie," Zandi says, it's more like sleepwalking. There's life underneath, but people are just so nervous and shell-shocked, it takes just the slightest rumble to make them turn tail.
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