December 3, 2009
Treasury Secretary Tim Geithner was on CNBC. He talks about pockets of strength in the economy, including technology and exports. If those are the only two, we’re in trouble because those two are driven by a weak dollar and rebuilding of inventory channels.
The basic strategy involves “going back to living within our means”. On deficits, the forecast is pretty optimistic.
Sometime in ’11, we’ll begin the process of bringing those deficits down.
…CNBC also doesn’t let us down at 11:30
- CNBC Classic: The Call For A 21st Century Tea Party
- Warren Buffett on CNBC
- Toyota Announces Decision to Shut Down Fremont NUMMI Plant
- CEO of Jones Lang LaSalle on CNBC
- Jon Kanas on 2010 Bank Outlook and CRE