Economics @ ITT

The US economy will never recover?

Posted in economics by ittecon on September 13, 2013

Words from the “wise,” based on shaky premises. This is where corporate economics is divorced from reality.

“Significant monetary stimulus, the end of fiscal austerity, a booming housing market, a cheap dollar, record corporate cash balances…if the US economy does not significantly accelerate in coming quarters, it never will,” Michael Hartnett, Bank of America Merrill Lynch’s chief investment strategist, wrote in a report Thursday.

via We still love stocks, but not as much: Goldman.

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