After four consecutive quarters of decline, positive GDP growth is an encouraging sign that the U.S. economy is moving in the right direction. However, this welcome milestone is just another step, and we still have a long road to travel until the economy is fully recovered.
via On Today’s GDP Numbers | The White House.
Fidelity Investments Latest Musings on the Markets
For me it comes down to two basic questions: One, now that the recession is ending, how strong will the recovery be and what comes after?
President-elect Barack Obama and former Sen. Tom Daschle (the nominee for Secretary of Health and Human Services) understand that if we want to make affordable health care available to the 45 million Americans who do not have health insurance, then we need to address the fundamental causes of health and illness, and provide incentives for healthy ways of living rather than reimbursing only drugs and surgery.
via Deepak Chopra et. al.: ‘Alternative’ Medicine Is Mainstream – WSJ.com.
Born was the Clinton-era regulator (and one of the few heroes to emerge in this crisis) who fought tooth and nail with Larry Summers and Robert Rubin to regulate credit derivatives but lost and has subsequently been vindicated by the collapse of the financial industry.
A Lesson in Silencing Opposition Probably Not Learned
“Facts do not cease to exist because they are ignored.”