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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.

http://www.dailyreckoning.com.au/the-peoples-bank-of-china-like-a-pregnant-panda-ready-to-explode/2013/06/25/

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