gross domestic product
The world’s largest economies seem engaged in something like the children’s game of “musical chairs.”
A general optimism prevails in the United States and Europe that the economies have finally turned the corner and growth is resuming. Don’t get too excited.
[First published at Forbes and the Heartlander.] President Obama seems to have a strategy to terminate all of the Bush tax cuts, not just those for “the rich,” as he has been…