Julio Huato wrote: > What is required to keep credit > flowing in the economy is a big shift in expectations. Basically, > people and banks have to believe that the government is ready to take > decisive action to have the economy back in motion in a reasonable > period of time. That will happen only after the election passes and > the markets know for sure that a new administration is taking the task > up.
it seems that the only way expectations could become more bullish would be if the housing market reversed its course so that prices started rising (perhaps even outside the US, like in Spain). That may not be enough, since commercial construction and a bunch of other industries are also suffering. -- Jim Devine / "Nobody told me there'd be days like these / Strange days indeed -- most peculiar, mama." -- JL. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
