You can bet your sweet bippie [Oooo! That's so '60's!] Gruppenführer Krugman knows zombies and Nazis all too well.
The greatest economic genius ever born of woman [The Community Organizer From The High-Yellow Lagoon - emphasis on the goon] scoops out our brains, pisses in our skulls, and calls it lemonade. [Ahhhh...the mixing of the metaphors.]
From CNBC via Yahoo Malaysia News:
Uncertainty about U.S. fiscal policy, Europe's sovereign crisis and slower global growth have turned the U.S. economy into what feels like a slow-moving zombie, leaving businesses and consumers hesitant and reluctant to act.Those factors combined to hit business confidence and have led to slower activity, evident in Friday's report showing just 80,000 new jobs created in June. That follows a sluggish 77,000 payrolls in May and 68,000 in April, making the second quarter the worst quarter for jobs in two years.
That report sparked immediate market talk of a new round of asset purchases or "quantitative easing" by the Fed, but the number was not weak enough to generate a clear consensus on when or whether the Fed would act.
CRT Capital Senior Treasury Strategist Ian Lyngen said the economy feels zombie-like. "The risk taking animal spirits have yet to return," he said.
Europe's debt crisis and the ongoing drag of deleveraging have made the second leg of the recovery troublesome.
"The U.S. economy has been unable to achieve escape velocity but the amount of monetary and fiscal stimulus in the system has proven adequate enough to keep it going at a 1-2 percent GDP pace. That is slow by historic recovery standards...it feels like a 'zomb'-economy," said Lyngen.
"People are increasingly worried about a double dip," he said.
"It feels like it's sleepwalking," Moody's Economy.com chief economist Mark Zandi said of the economy. "We're walking but not going anywhere fast. I don't think we're dead like a zombie. There is some life underneath, but we are sleepwalking. The reality is people are so nervous and shell shocked, it doesn't take much to get them to stop what they're doing."
From PRWeb [via Yahoo News, of course] comes this terrifying tale of evil capitalists profiting at the expense of our poor zombie neighbors:
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