Until this trend changes, the US economy is moving closer to 1960 than 2000. Â What will it take to turn this trend around? A combination of the following:
- Banks need to start lending to small business
- Corporations need to start spending some of their cash
- Congress needs to provide fiscal stimulus that focuses on small business and large infrastructure
- Congress and / or the Fed need to unclog the real estate market = incentives for banks and borrowers to take their medicine and finally part with dead real estate
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