13 Nov 2008

Fiscal Stimulus All Over, but does it help ?

With all the Fiscal Stimulus focus and support - even from old time fiscal conservatives - it gives som food for thought to read this article from the Heritage Foundation with arguments that Governement spending doesn't stimulate economic growth.


http://www.heritage.org/Research/Budget/upload/bg_2208.pdf


For equities it looks like a make of brake today with either the H&S playing out or new low for the year today. On top a being full moon is also misdirection Thursday today !

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