Aug 15, 2011

Moody's macroeconomist says "confidence is key"

The economy could go either way, and at these kinds of turning points, confidence is key. It’s the administration’s hope that if the president is out there, talking up the economy, it will prevent a downturn.

~Gus Faucher, director of macroeconomics, Moody’s Analytics, Bloomberg.com, August 15, 2011

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