The US economic recovery is at risk of being derailed this year by a “homegrown fiscal crisis”, Peter Orszag, former budget director in the Obama administration, has warned.In an opinion piece for the Financial Times, Mr Orszag, now a senior executive at Citigroup, said international investors should “pay close attention to the fiscal trends in the US”, noting that the political system has so far failed to tackle the country’s bleak long-term budgetary outlook. (For the complete article from FT click here.)
The problem is there. The issue is what should we (investors) do about it. Between now and then we could even make some more money.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.
Disclaimer.The content on this site is provided as general information only and should not be taken as investment advice nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site.
No comments:
Post a Comment