September 19, 2011
Carrick: Politics may be blocking return to economic normalcy
As interest rates have been reduced to record lows and deficit spending continues, politics has become important in the current economic climate.
Although people in the developed world are being asked to lower their expectations, voters are not used to being asked to sacrifice anything.
What it comes down to is whether or not voters believe they need to alter their goals.
For more analysis please see The ying and yang of politics and the economy by Alex Carrick, chief economist of Reed Construction Data Canada.
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| ALEX’S ECONOMICS BLOG |
Reed Construction Data Canada’s Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
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