RGR28 Wrote:
Mar 01, 2013 12:35 PM
The economy is fragile enough that GDP barely grew in the 2012 fourth quarter, when inventory purchases and federal spending both slowed more than usual. Last weekend, the Moody’s credit-rating agency stripped the United Kingdom of its AAA credit rating—not because U.K. deficits are too high, but because Britain’s premature austerity policies are leaching away the growth required to make its deficits manageable.