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  • First in, First Out? U.S. Leading OECD Out of Recession [View article]
    "However, of the industrialized countries, the U.S. is showing signs of stabilization and possible rebound. Trade of other industrialized nations remains in a downward trend through May or June."

    France and Germany are also showing the impact of large government stimulus programs and may, as of statistics released today (13th) technically be out of recession. It's not too surprising that when enough government money is pumped into an economy there will be an uptick in economic activity.

    The next challenge is to see whether sustainable economic growth will take over the task currently being played by all of the stimulus programs and loose monetary policy.

    The central bankers will be in no hurry to remove the drip feed to the financial system no matter how yesterdays's FOMC statement is spun and the BofE and ECB seem less convinced about the uptick than the politicians who have to seek re-election in the next year.
    Aug 13 05:23 am |Rating: +2 0 |Link to Comment
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