Monday, March 8, 2010

JP Morgan: The U.S. economy will grow at a rate above average

JPM economist Jim Glassman says there is no need to worry about the budget: "The world is beginning to wake up from sleep pink. The economy will grow evenly from quarter to quarter, however, a deep recession ended, and macroeconomic policies remain supportive. Thus, there is every reason to believe that in 2010 growth will be above average. " "Only once, during reconstruction in 1983, the Fed began raising rates when unemployment above 9%, but then double-digit inflation."

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