“Essentially, as soon as the government stops the expansion, you are going to hit one of these deflationary corrections with all of the nasty business cycles that accompany it,” Lu said. Read more
The U.S. international trade deficit dropped 12.4 percent in February and reached the lowest point since November, as exports reached an all-time high and imports decreased, the Commerce Department said Thursday. Read more
Some experts think the U.S. economy will recover if left to its own devices, however, without targeted tax cuts or other governmental maneuvers. “Natural market forces will reverse the slump if allowed to proceed uninhibited,” Lu told TheDC. Read more