the U.S. economy is vital to a second government stimulus package of measures, convinced the famous American investor Wilbur Ross.
first package of public finance, passed by Congress last February, was insufficient to ensure that American consumers are once again began to spend money, says Ross channel CNBC.
Consumer demand is responsible for 70% of the economy (the U.S.), but he is still paralyzed. Consumers are unable to take new loans, and I think that Obama will be forced to accept a new package of incentives, - said the billionaire investor.
Ross pointed out that the main problem for the American economy is strong zakreditovannost consumers, which came at a critical level due to the falling value of the assets, mainly real estate. According to the businessman, the U.S. government will be forced to restructure the debts of the exorbitant private sector in the national debt.
I think that we really will see a large-scale cross-flow of debt from the private sector in the state, - said Ross.
However billionaire doubt that the administration will quickly and painlessly solve customer problems. Will has spent a lot of money, but I do not think this will solve the consumer problem, - said Ross. The real unemployment stands at about 12.8%, because people who opt out of looking for work are not counted in official statistics, - added a businessman.
official unemployment rate in the United States now stands at 9.7%.
Recall that in February 2009 the U.S. Congress approved the economic stimulus package worth $ 787 billion the Administration of Barack Obama stressed that the program lasts two years and require her to visible results too early. Nevertheless, some economists and investors said that the current incentive program is unpromising, and the famous Warren Buffett in July compared Obama's economic package with a dose of Viagra, mixed with a handful of candy.
U.S. officials this month proclaimed the end of the recession, at least from a technical point of view. However, economists do not belong to the ideological mainstream, categorically disagree with the optimism of the official authorities. The consumer economy can not grow unless consumers are spending less and less money, - says Bill Bonner of Agora Financial, calling the current state of the U.S. economy depression.
major cycle of credit expansion in the U.S. economy began in 1945 and ended in 2007, he says, and now America must prepare for a long period of correction, during which consumers will cut spending, pay off old debts and to save extra money on rainy day.
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