Fiscal stimulus, or stimulus that came from the government, i mean, it was a lot more than what we got from the fed. I think even the fed, you know, when you hear e fed chair, youron powel, yu, no talk, he gives great credit to congress for acting quickly. Some folks on wall street are saying, yes, well, we might get tax increases before we see the benefits of the intera structure spending. And that would hurt the stock market too.
Bloomberg News Economics Reporter Rich Miller discusses the Fed tapering chatter that is obscuring something important: the already-under-way cutback of the federal government’s budgetary support -- which is likely to have a much bigger impact on economic growth next year. Bloomberg Businessweek Editor Joel Weber and Bloomberg Businessweek Writer James Tarmy talk about advances in concrete, elevators, and engineering that have created a new breed of “supertall” buildings. Bloomberg New Economy Editorial Director Andy Browne explains why Beijing's crackdown may soon land on Macau. And we Drive to the Close with Michael Sheldon, Chief Investment Officer at Hightower RDM.
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