Thursday, February 5, 2009

Summers warns of deflation threat

Warning that the U.S. does "not have time to wait," Lawrence Summers, director of the National Economic Council, said the country faces "a real risk" of slipping into deflation. He said it is urgent that Congress quickly adopt the economic stimulus proposed by President Barack Obama. Bloomberg.
I agree with the deflation threat, but again as I have highlighted this stimulus bill is an abomination!

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