Monday, December 13, 2010

No need for more stimulus

According to the New York Times, a poll revealed that most executives in the U.S think there is no need for more stimulus to boost the economy. Most of them are also concerned about the fact that if theFed purchases $600 billion in additional debt will produce inflation and risks that will outweigh its benefits.

"AFP members indicate that they have moderate expectations about business growth in the coming year, but they are tempering their optimism due to concerns about corporate taxes and, indeed, business sentiment in Washington."

So even though executives do not feel so confident about the economy they would rather just wait and see what is going to happen.

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