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Friday, Jul 6
2012, 6:55 PM
Uncertainty about U.S. fiscal policy, stalled global growth and ongoing turmoil in Europe are...
Uncertainty 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.