Wednesday, December 08, 2010

The Anticipation of Growth

Seems as if folks are warming up to the idea of economic growth.

The market is edging higher. Bond yields are heading higher. And keep your eye on oil.

So, continued budget deficits and higher inflation.

But, an expanding economy will also lead to higher tax revenues. That would help.

Look at CA. Jerry Brown announced this morning that the deficit here may be close to $28B!

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