Excerpt from: US Markets
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| November 18, 2009 | | Spread bets and CFDs on U.S. markets | U.S. President Barack Obama has been warning about the dangers of deficits and other issues related to economic recovery. In an interview with Fox News, he expressed concern about the possibility of a double-dip recession.
The Financial Times reports on a release of the interview transcript:
"It is important though to recognise if we keep on adding to the debt,
even in the midst of this recovery, that at some point, people could
lose confidence in the US economy in a way that could actually lead to
a double-dip recession," he said.
Obama insists that the administration is looking for ways to help accelerate economic growth, including providing tax measures for companies that are willing to hire. He is concerned about added debt, but also recognises that jobs are going to be needed, since a "jobless recovery" is something that might precipitate a slide back into recession in a relatively short period of time.
| Topic Tags: Barack Obama, CFDs, double-dip recession, government deficit, spread bets, U.S. markets, U.S. president | |
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