Comments on: GDP up 5.7%, fastest rate since 2003 http://www.creditwritedowns.com/2010/01/gdp-up-5-7-fastest-rate-since-2003.html Finance, Economics and Markets Fri, 10 Feb 2012 00:37:00 +0000 hourly 1 By: Vangel http://www.creditwritedowns.com/2010/01/gdp-up-5-7-fastest-rate-since-2003.html#comment-58255 Vangel Fri, 29 Jan 2010 16:15:00 +0000 http://www.creditwritedowns.com/2010/01/gdp-up-5-7-fastest-rate-since-2003.html#comment-58255 It is a fake recovery. Using billions to prop up failing businesses and to keep the states from laying off government workers is not productive and will not allow the economy to recover. It looks to me as if the federal government will do all that it can to keep the good news flowing because it is an election year, even if unrealistic assumptions about inflation rates are made to mask the changes in the real economy. Of course, this presents a problem. If the economy is really growing as fast as is being claimed why is the 10 year treasury rate at 3.7%? It is a fake recovery. Using billions to prop up failing businesses and to keep the states from laying off government workers is not productive and will not allow the economy to recover. It looks to me as if the federal government will do all that it can to keep the good news flowing because it is an election year, even if unrealistic assumptions about inflation rates are made to mask the changes in the real economy.

Of course, this presents a problem. If the economy is really growing as fast as is being claimed why is the 10 year treasury rate at 3.7%?

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