Nov 29, 2011

The Fiscal Drag On The US Economy

"If the economy is growing only 1.5 percent to 2 percent and you get a fiscal drag of 1.3 percent — that's the difference between a growth recession and effectively zero growth." - newsmax.com

Related, SPDR S&P 500 ETF (SPY), iShares Russell 2000 Index ETF (IWM)

Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.