Wednesday, April 28, 2010

'Hard Struggle' Ahead For Economy

Vanguard Fund founder Jack Bogle is on the radio and he's saying he sees a "hard struggle" ahead for the economy.
Bogle says it's difficult to see really vigorous, robust economic growth anytime soon.
He says that what he calls a recent quick spurt of growth was due largely to temporary factors (such as the new home tax credit) and those factors will disappear.
In short, Bogle does not seem optimistic.
Not a good sign.

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