Friday’s nonfarm payrolls number certainly comes as a welcome break for investors who have been worried that the Fed’s ultra loose monetary policy has failed to stimulate the real economy. However, the pace of recovery is likely to slow down, says Alan Krueger, chairman of the White House Council of Economic Advisers, adding the so-called sequestration is going to hurt …
One Man’s Opinion: Will Sequestration Have A Negligible Effect On Global GDP?
The effect of sequester on US GDP is sizable but not huge, and we need to care about it, says Georg Grodzki, credit research head at Legal & General Investment Management in London. Even if the effect is 0.5 percent (on the downside), which is the consensus reading, it’s not an insignificant number. The good news is that the US economy has …