Showing posts with label growth. Show all posts
Showing posts with label growth. Show all posts

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.