“Around two-thirds of recent softness in the U.S. economy can be attributed to temporary factors such as higher energy costs and Japan’s earthquake,” Treasury Secretary Timothy Geithner told CNBC on Friday. “Most people say you can attribute about two thirds of the slow down relative to expectations to those factors. Not all of it,” he said. [CNBC]
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Don’t worry, that happens to a lot of economies. It’s not a big deal. We can just cuddle.