Monday, 14 March 2011

The Fed Fails to Create the Stability it Dreams Of

An excerpt of Bob Chapman's weekly publication The International Forecaster

March 12 2011: Japan earthquake will shake the world economy, Oil prices an irritant to Wall Street rather than a lubricant, Fed wont spur growth, just inflation, a flat bottom for the economy or a while, lack of job creation and debt control, Sound economic growth hasn’t existed for 11 years and it is worse now than ever, PIMCO eliminates government debt from portfolio. Soros weighs in on public spending cuts in US, saying they will only hurt economic growth.

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