Recession Looms In Mid 2011 Fx Concepts Chief John Taylor Says - The Business Blotter - Portfolio.com

The Great Hangover: 21 Tales of the New Recession from the Pages of Vanity FairRecession Looms In Mid 2011 Fx Concepts Chief John Taylor Says - The Business Blotter - Portfolio.com: "John Taylor, the head of hedge fund giant FX Concepts, says the U.S. is headed back into recession by the middle of 2011, despite the Federal Reserve's latest bailout attempts.
'It's a new recession. We're already growing, but the numbers show that the U.S. government is still the primary creator of this growth,' Taylor, the head of the $8.5 billion currency fund, the largest of its kind, told the Reuters Investment Outlook Summit on Monday. 'I would argue that by the middle of next year, we will be in a recession, and our fiscal hands will be tied,' he said.
His comments reflect rising concern about the economy, in light of last week's unexpectedly discouraging report on November jobs growth. The economy added only 39,000 jobs, and the jobless rate rose to 9.8 percent from 9.6 percent."

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