Friday, January 29, 2010

economy

The 4th quarter of 2009 was extraordinary in terms of economic growth. More that 5% on a year basis. Will the US citizens feel the better conditions? I'm interested because some time ago I said that the situation for the ordinary man in the street won't get better as the economy show signs of recovery.

Is the economic growth a sign of recovery? The State has built up enormous debts while the supposedly -to big to fail- banks return to "normal" with bonuses for people who don't do their work very well.
I can point to Fidelity, BlackRock and others. The crisis, it ain't over yet. At least we haven't learned really from it.

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