Wednesday, December 22, 2010

Richard Blackden Officially on Paylist of Banks: Makes £75.32.

"I also have a family and need to put food on the table!"
, he says, "everybody does it!"
Without criticism or additional questions, he just copied and pasted the nonsense he must have received from FoxNews. Just leave the important parts out, a screaming headline and the money is in the bank. Sell your intelligence for £ 75.23, VAT inclusive and please come back next time. After all, what is journalism about?

US shows stronger growth as investors look to 2011 tax cuts


Existing homes sales across the country climbed 5.6pc last month, which though weaker than economists had pencilled in, caps a consistent improvement from the summer. Meanwhile, the government's final estimate for GDP growth in the third quarter came in at a 2.6pc annual pace, a slight upward revision on the 2.5pc seen in the second estimate.

The question Wall Street economists are now asking is whether the $858bn (£558bn) in tax cuts agreed by Congress last week, including a surprise reduction in a payroll tax companies have to pay when taking on staff, will prompt consumers to spend their extra income and encourage businesses to hire. Their answer, for now at least, appears to be yes. JP Morgan, for example, has increased its forecast for growth in the first quarter to 3.5pc from 2.5pc.

With most countries in the eurozone – Germany apart – struggling to stage sustainable recoveries, investors are looking anxiously to the US to improve on growth that has proved underwhelming this year.

"The more recent data suggest we're seeing reasonably healthy (? troy ounce) retail sales growth, pretty healthy investment spending, some growth in employment," said Zach Pandl, an economist at Nomura.

The world's biggest economy will enter the new year backed by an unprecedented wave of stimulus. Alongside the tax cuts, the Federal Reserve is working its way though a second, $600bn round of quantitative easing designed to lower long-term interest rates. Each policy has proved controversial abroad and at home.


No comments:

Post a Comment