Friday, October 1, 2010

September and October


I really do not see much if any improvement in economic fundamentals.

The rise in equity prices for Sept. was impressive, however I think most of the increase was in anticipation of the Fall election and the role Republicans and Tea Party members will play in re-shaping American economic policy.

After the election, there could be a drop in stock prices as reality sets in regarding the extremely slow American recovery.

I do not think the Republicans have much of an agenda to turn the economy around except the idea of "growth." Maybe with a new congress some fresh ideas will come to light.

No comments:

Post a Comment