16 Sep 2011 Stuck, and No One to Push
Posted at 13:03h
in The Friday Brief
It has been a week of dimming hopes. More economists now believe the US will slip into recession over the next twelve months. As the president stumped across to country to sell his jobs bill to the American people, Congressional support quickly waned on both sides. And indications that Greece will default on its sovereign debt combined with the worsening undercapitalization of European banks stymie efforts by Germany and France to hold the Euro region together.