Letters of the alphabet may no longer be sufficient to describe the US economy's trajectory. With the almost certain return of growth in the previous quarter, it is not an “L” but not yet robust enough to be a “V”. The likelihood of a “W” also seems far-fetched without the sort of liquidity crisis seen last autumn. If sobering testimony by White House economic adviser Christina Romer is to be believed, it may resemble a square root symbol – flatlining at a low base. That is because the impact of fiscal stimulus may already have peaked, even with less than half the money spent.
英文字母可能已不再足以描述美国manbetx20客户端下载 的发展轨迹。鉴于上一季度manbetx20客户端下载 恢复增长几乎已成定局，美国manbetx20客户端下载 呈现的并不是“L”型复苏，但也没有强劲到足以实现“V”型复苏。由于我们并未看到去年秋季出现的那种流动性危机，“W”型复苏的说法似乎也有些牵强。如果白宫manbetx20客户端下载 顾问克里斯蒂娜•罗默(Christina Romer)提供的催人警醒的证据能令人信服，那么复苏轨迹可能会像一个平方根符号：在一个很低的基础上保持水平。其原因在于，财政刺激措施的影响可能已经到顶了，尽管只花了不到一半的钱。