August 29, 2010
By Pedro Nicolaci da Costa
The sorry state of the U.S. economy, despite all the monetary and fiscal firepower the Fed and the U.S. Treasury have deployed, already befuddles the experts. Worries about a double-dip recession are rampant, and were the topic du jour at the Fed’s annual Jackson Hole conference.
“A gazillion dollars in stimulus and this is the best we can do?” said Keith Springer at Springer Financial Advisors, in Sacramento California.
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