“Now, with the U.S. moving away from central bank dominance toward some degree of fiscal dominance, for the leap of faith to truly pay off, Washington must promote growth in a way that permanently alters the U.S. growth trajectory. To do so, the U.S. must overcome headwinds from demographics and indebtedness and increase its productivity. This is a big undertaking, requiring a focus on the long-term drivers of growth such as education and investment.” – Tony Crescenzi

More at PIMCO blog


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s