Triggers of US Upheaval
(May 24th, 2010 under Economic News , US Economy )One author has reported that if the US economy experiences a precipitous drop, the trigger for such action could be some event seemingly unrelated event in a smaller European country. “If the trouble starts — and it remains an “if” — the trigger may well be obscure to the concerns of most Americans: a missed budget projection by the Spanish government, the failure of Greece to hit a deficit-reduction target, a drop in Ireland’s economic output. But the knife-edge psychology currently governing global markets has put the future of the U.S. economic recovery in the hands of politicians in an assortment of European capitals.”
Here is a link: http://www.washingtonpost.com/wp-dyn/content/article/2010/05/23/AR2010052304170.html
Michael
This entry was posted on Monday, May 24th, 2010 at 2:48 pm and is filed under Economic News , US Economy .
