Beige Book. DOW 14000.
By Daniel at 9 September, 2009, 9:17 am
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Unemployment 25% likely. But don’t worry too much, be happy, we just define it as a lagging indicator, 20 years maybe.
There’s no inflation coming. Interest rate keep steadily at Zero for years.
We can buy more T-bills
We may hit the bottom now (Again)
There’s a recovery now, but not sure, keep watching (for months)
Slow growth (as Ben mentioned in the spring of 2008)
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Don’t worry too much about the foreclosures, the banks will keep them for years.
digi
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Economics | Market Outlook
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