National Debt Clock

Monday, August 17, 2009

Markets are Pricing in a lot of Good News

I found the most enlightening comment to be regarding why there has been a rebound. A restocking of inventories doesn't exactly mean that the demand is there to sustain production:

"The rebound is based on restocking of inventories but, once that is complete, there are concerns about sustainability of growth in 2010 as the consumer remains burdened by high debt, rising job losses and sharply lower housing prices. "

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