Barron’s Roundtable Market Pros Blame Washington for the Economic Doldrums

Patrick Tyrrell / June 13, 2011

Barron’s magazine published their mid-year round-table discussion with ten money managers and financial market experts on Saturday. The ten are unanimous in their belief that slower economic growth is in store for the second half of 2011.

• Slower economic growth makes it harder to find or keep a job.
• It means less money is going into paychecks to buy life’s necessities.
• It means less tax revenue for the deeply indebted U.S. government.
• It means less opportunity for today’s young people who will have to pay the national debt back.

Many of the Barron’s roundtable panelists think they know why the economy has less wind in its sails, and they blame bad policy decisions by the U.S. and other governments for continued economic weakness. (more…)