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Warning: Economic recovery at risk
"We've had a poor economic recovery to begin with, and now it appears to be segueing into an end," said Robert Brusca, chief economist at FAO Economics. How did this happen? Economists blame a complicated web of factors. First, the recovery is loosing its government-provided training wheels. The Federal Reserve's $600 billion in monetary stimulus is scheduled to run out later this month, and federal stimulus dollars to state and local governments have already wound down. Policymakers had hoped those efforts would put the economy on firmer footing, but they also didn't anticipate the blow from rising oil prices ... (full story)