{"id":3929,"date":"2012-03-22T14:55:59","date_gmt":"2012-03-22T18:55:59","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=3929"},"modified":"2012-03-22T14:55:59","modified_gmt":"2012-03-22T18:55:59","slug":"the-american-recovery-by-mohamed-a-el-erian-project-syndicate","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/the-american-recovery-by-mohamed-a-el-erian-project-syndicate\/","title":{"rendered":"&quot;The American Recovery&quot; by Mohamed A El-Erian &#124; Project Syndicate"},"content":{"rendered":"<p>the economy is not yet in a position to handle the 4-5%-of-GDP \u201cfiscal cliff\u201d that is approaching as all of the hard political decisions that were postponed come into view at the end of this year. The prospect of a disorderly fiscal contraction needs to give way to a more rationally designed approach that avoids undermining the fragile recovery. To accomplish that, the political class must avoid the bickering that almost sent America back into recession in 2011, and that raised major questions about the quality of the country\u2019s economic governance.<\/p>\n<p>&#8230;..America\u2019s full recovery is not yet guaranteed. A mix of steadfastness, caution, and good luck is needed for that to happen. And when it does, the country will be in a better position to repay its massive hospital bill.<\/p>\n<p>via <a href='http:\/\/www.project-syndicate.org\/commentary\/the-american-recovery'>&quot;The American Recovery&quot; by Mohamed A El-Erian | Project Syndicate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>the economy is not yet in a position to handle the 4-5%-of-GDP \u201cfiscal cliff\u201d that is approaching as all of the hard political decisions that were postponed come into view at the end of this year. The prospect of a disorderly fiscal contraction needs to give way to a more rationally designed approach that avoids &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/the-american-recovery-by-mohamed-a-el-erian-project-syndicate\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;&quot;The American Recovery&quot; by Mohamed A El-Erian &#124; Project Syndicate&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,34],"tags":[59,1180,1454,2507],"class_list":["post-3929","post","type-post","status-publish","format-standard","hentry","category-economy","category-us-canada-countries-regions","tag-fiscal-cliff","tag-economic-recovery","tag-fragile-recovery","tag-november-elections"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>&quot;The American Recovery&quot; by Mohamed A El-Erian &#124; Project Syndicate - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&quot;The American Recovery&quot; by Mohamed A El-Erian &#124; Project Syndicate - the patient investor\" \/>\n<meta property=\"og:description\" content=\"the economy is not yet in a position to handle the 4-5%-of-GDP \u201cfiscal cliff\u201d that is approaching as all of the hard political decisions that were postponed come into view at the end of this year. The prospect of a disorderly fiscal contraction needs to give way to a more rationally designed approach that avoids &hellip; Continue reading &quot;&quot;The American Recovery&quot; by Mohamed A El-Erian &#124; Project Syndicate&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/the-american-recovery-by-mohamed-a-el-erian-project-syndicate\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-03-22T18:55:59+00:00\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/the-american-recovery-by-mohamed-a-el-erian-project-syndicate\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/the-american-recovery-by-mohamed-a-el-erian-project-syndicate\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"&quot;The American Recovery&quot; by Mohamed A El-Erian &#124; Project Syndicate\",\"datePublished\":\"2012-03-22T18:55:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/the-american-recovery-by-mohamed-a-el-erian-project-syndicate\/\"},\"wordCount\":155,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"keywords\":[\"\\\"Fiscal Cliff\\\"\",\"economic recovery\",\"fragile recovery\",\"November elections\"],\"articleSection\":[\"Economy\",\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/the-american-recovery-by-mohamed-a-el-erian-project-syndicate\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/the-american-recovery-by-mohamed-a-el-erian-project-syndicate\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/the-american-recovery-by-mohamed-a-el-erian-project-syndicate\/\",\"name\":\"&quot;The American Recovery&quot; by Mohamed A El-Erian &#124; Project Syndicate - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"datePublished\":\"2012-03-22T18:55:59+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/the-american-recovery-by-mohamed-a-el-erian-project-syndicate\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/the-american-recovery-by-mohamed-a-el-erian-project-syndicate\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/the-american-recovery-by-mohamed-a-el-erian-project-syndicate\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"&quot;The American Recovery&quot; by Mohamed A El-Erian &#124; Project Syndicate\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. 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Though doing so will close the 2013 budget deficit by some $126 billion, it means that 160 million Americans -- including two-thirds of the lowest quintile of earners\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":21128,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/07\/31\/gdp-and-initial-claims-warn-of-slow-recovery\/","url_meta":{"origin":3929,"position":2},"title":"GDP and initial claims warn of slow recovery","author":"Colin Twiggs","date":"July 31, 2020","format":false,"excerpt":"Real GDP fell -9.5%, on a year-on-year basis, for the second quarter 2020. The worst recorded contraction in the US since the Great Depression of the 1930s. Initial unemployment claims stepped up to 1.434 million for the week ending July 25th, warning of a protracted recession. Continued claims are also\u2026","rel":"","context":"In &quot;Deficit Spending &amp; Employment&quot;","block_context":{"text":"Deficit Spending &amp; Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6184,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/16\/obamas-fairness-tax-is-political-not-fiscal\/","url_meta":{"origin":3929,"position":3},"title":"Obama\u2019s \u2018Fairness\u2019 Tax is Political, Not Fiscal","author":"Colin Twiggs","date":"November 16, 2012","format":false,"excerpt":"Eward Morrissey of the Fiscal Times points out the way toward resolving the fiscal cliff impasse: Both parties want to reform the corporate and personal tax systems to eliminate complexity and provide stability and predictability. Rather than aim specifically at revenue, start by realizing the bipartisan goal of tax reform,\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20465,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/05\/06\/avoiding-a-w-shaped-recession\/","url_meta":{"origin":3929,"position":4},"title":"Avoiding a &#8216;W-shaped&#8217; recovery","author":"Colin Twiggs","date":"May 6, 2020","format":false,"excerpt":"Harvard professor Jeffrey Frankel warns of a \"W-shaped\" recession in The Guardian: \"Of course, a cure or vaccine would be a game changer. But even in the best-case scenario, testing and approving any breakthrough could take a year and a half. If economic activity remained severely depressed for that long\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"Satya Nadella, Microsoft CEO","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2020\/satyanadella.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":6321,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/03\/fiscal-cliff-is-just-a-speed-bump-on-the-road-to-a-real-crisis-international-liberty\/","url_meta":{"origin":3929,"position":5},"title":"Fiscal Cliff Is Just a Speed Bump on the Road to a Real Crisis &#124; International Liberty","author":"Colin Twiggs","date":"December 3, 2012","format":false,"excerpt":"Dan Mitchell writes in the New York Post: A lot of people get upset about the national debt, which is somewhere between $11 trillion and $16 trillion, depending on whether you include money the government owes itself. Those are big numbers \u2014 but if you add up the amount of\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=3929"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3929\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=3929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=3929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=3929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}