Saturday, January 29, 2011

Floating on a Sea of Red Ink

Irwin Stelzer, Weekly Standard
Hot Topics: To forward this article to a friend, please fill out the form below:* Required Fields* Required FieldsGet alerts when there is a new article that might interest you.The American economy is being re-floated on a sea of red ink. Yes, there is good news. Factory sales are up, as are retail sales. Orders for capital goods, if the volatile aircraft-order segment is backed out, are coming in stronger than expected, and the figures for back months are being revised upward. Profit reports are all that investors could hope for in most cases. Ian Harwood, chief economist at...

Source: http://www.realclearpolitics.com/2011/01/29/floating_on_a_sea_of_red_ink_249608.html

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