Bad Prognostications for Coral Gables’ Future
September 1, 2010 Leave a comment
Being cautious in trying to resolve the budget crisis in Coral Gables is equally dangerous.
…the administration has lost credibility with the public and the chances of a renewed fiscal expansion have disappeared. With the Federal Reserve cautious, too, the likelihood of a lengthy period of weak growth and heavy joblessness is high. So, too, are the chances of domestic and global political friction.
via FT.com / Columnists / Martin Wolf – Obama was too cautious in fearful times.
About Stephen E. McGaughey
Coral Gables Watch 