fiscal policy

It may be too late when America faces its problems like Europe faces its debt

December 7, 2010 - 9:58am | Analytics | News

Talking in an interview for CNBC a global head of foreign exchange strategy at HSBC David Bloom said that the United Sates will have to follow Europe's economic lead and face up to its debt problems instead of just continuing with quantitative easing that will lead to a dollar decline.

"Europe (is) facing up to its problems, looking into the abyss; the U.S. hasn't even started that process. That will take the dollar into trouble in the second half of next year," Bloom said.

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US fiscal policy is too stimulative, no need in second stimulus

August 31, 2009 - 3:02am | Analytics | Articles

In the survey that polled about 266 members of the National Association for Business Economics (NABE) experts expressed their opinion on the economic policies practiced by the US administration. They said that there is no need in a second fiscal stimulus package, instead the government should cut spending over the next two years.

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The higher are saving rates the longer is economic crisis?

May 26, 2009 - 6:47am | Analytics | News

The US saving rates increased to 5% of income and could be higher later, according to David M. Smick, a global financial strategist. Total personal savings have risen from $20 billion in the first quarter of 2008 to $453 billion during the same period of 2009. David M. Smick is afraid of increase of saving rates to 7 or 8%. In that case as he believes economic recovery could be seriously delayed.

American Express | consumer spending | economic recession | fiscal policy | saving rates

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