The People’s Bank of China: Like a Pregnant Panda Ready to Explode
from Daily Reckoning.com.au:
‘When will America’s economy finally stop limping along?’ asks Steve Hargreaves for CNN Money. Next year, 2014, he says with a degree of confidence we find puzzling at best.
According to Hargreaves, ‘economists foresee a convergence of several factors that could finally kick this recovery into high gear.’
Those factors include: a patchwork of federal tax hikes and so-called spending cuts, rebounding home prices adding to consumer confidence and coming clarity over how the Dodd-Frank financial reform and Obamacare laws will affect businesses.
Because as all ‘economists’ know…economic growth comes from the government policy first,innovators and entrepreneurs after.