Back on Track, the US Economy to Add More Jobs, Grow Consumption
15-Feb-11 02:10
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Dodge O. Dorland, Chairman and Chief Investment Officer of Landor & Fuest Capital Managers, discusses positive forecasts for US retail sales in January and whether he agrees that US household spending, which accounts for about 70 percent of the economy, will keep growing. he also discusses whether a second round of monetary stimulus (worth $600 billion aimed at spurring growth and cutting unemployment) is still needed; whether U.S. stocks at 32-month highs, are overbought. He also talks about Asian shares and whether it's time to buy again.
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