Wednesday, December 8, 2010

Jim Reid: (Extending Bush Tax Cuts) Could lead us a step closer towards fiscal ruin...

From Bloomberg.

“Extending tax cuts and allowing the deficit to remain extremely elevated could be an economic masterstroke, thus pushing up growth,” Jim Reid, head of fundamental strategy at Deutsche Bank AG in London, wrote today in a note to investors. “Or it could lead us a step closer towards fiscal ruin. It could be eventually be both.”

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