It looks as if the global economy is heading for a serious slowdown this year.
Emergency austerity programmes in some countries will put a drag on growth. Inventory adjustments will run their course. The effects of tax policies that steal demand from the future are wearing off.
Source:
http://www.ft.com/cms/s/0/eaf81fbe-8de3-11df-9153-00144feab49a.html
Two organizations have caught the Obama administration playing with the federal budget numbers, specifically the "baseline." The White House is proposing to convert spending sold as a one-time economic boost into a permanent feature of future government growth.
Source:
http://online.wsj.com/article/SB10001424052748704820904575055413176800990.html?mod=wsj_share_digg
