MAPI Global Outlook- Oct 2011

Cliff Waldman, Global economist, MAPI suggests iith historically low interest rates and the benefit of reserve currency status, the U.S. fiscal story is somewhat less immediately urgent and is more a concern about the potential of a seemingly inert political system to put public finances on a better and more sustainable path. With sluggish domestic demand, however, the signs of considerable weakening in global activity have contributed to fears of a renewed recession in the U.S., which in turn would considerably complicate the deficit problem.

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Nonprofits & Activism

Tags:

• reserve
• currency
• public
• finances
• fiscal
• U.S.
• recession
• sovereign
• debt
• econimic
• contraction
• counterparty
• risks
• bon