Despite a "modicum of encouragement" from the latest federal stats, analyst Eric Rothmann says government spending – which is at record levels even before the oncoming stimulus program – will have to carry the load [2] even more. Oh, and the banks?
The only way the economy will move forward is for financial institutions to stop with the "deer in the headlights" mentality, start to put a real effort into reworking loans that are on the verge of going bad, and stop looking for government handouts and start managing their franchises again.