Recently………… Reuters quoted Mr. Nouriel Roubini,, Chairman of economics research firm RGE Monitor that, “US economy will not recover until the end of 2009 and even then, growth will remain weak and vulnerable to higher interest rates and commodity prices”.
This looks like very diplomatic statement; I am sure Mr. Roubini wanted to say that nothing serious can come out before 2009 end, and no one know how far we have to go. If we see…………. no one can dare to predict at this moment; we all need positive signals to boost our morals.
But, one question??!!…………… are we moving into right direction?????????? .
Most of the decisions taken by obama administration are follow-up of Bush Regime this is a clear indication of accepting that the present administrators got no other choice other then doing damage control only.
May be the US Think Tanks are working on an action plan for long term sustainability but in my opinion everyone understands the vulnerability of economy against slowdown and recession…………. which forces policy makers for some short terms measures only.
Frankly it cannot be guaranteed if these measures will stay for long………. although they are taking a long time to recover the market sentiments.
US is depending on a support system which is coming without any further support…… is OBAMA ready to double or make it three or four times (the Bailout Package) if present measures fail
In my opinion US Think Tank must start thinking to declare a recovery period (may be 18 or 24 months) without being in hurry to show results…………
Present situation demands major policy changes in domestic and international level. Short term gains will only filter the resources and kill the patience of common person.
We will discuss more about bailout package and other steps taken by the administration till then enjoy GOOD HEALTH……and Don’t Drink and Drive…..
CHEERS!!!!!!!!!!
This looks like very diplomatic statement; I am sure Mr. Roubini wanted to say that nothing serious can come out before 2009 end, and no one know how far we have to go. If we see…………. no one can dare to predict at this moment; we all need positive signals to boost our morals.
But, one question??!!…………… are we moving into right direction?????????? .
Most of the decisions taken by obama administration are follow-up of Bush Regime this is a clear indication of accepting that the present administrators got no other choice other then doing damage control only.
May be the US Think Tanks are working on an action plan for long term sustainability but in my opinion everyone understands the vulnerability of economy against slowdown and recession…………. which forces policy makers for some short terms measures only.
Frankly it cannot be guaranteed if these measures will stay for long………. although they are taking a long time to recover the market sentiments.
US is depending on a support system which is coming without any further support…… is OBAMA ready to double or make it three or four times (the Bailout Package) if present measures fail
In my opinion US Think Tank must start thinking to declare a recovery period (may be 18 or 24 months) without being in hurry to show results…………
Present situation demands major policy changes in domestic and international level. Short term gains will only filter the resources and kill the patience of common person.
We will discuss more about bailout package and other steps taken by the administration till then enjoy GOOD HEALTH……and Don’t Drink and Drive…..
CHEERS!!!!!!!!!!
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