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Greenspan explains that because lower deficits will restore confidence, diminish the threat of inflation, and allow savings to flow to private-sector investment rather than public-sector consumption, the short-term pain will lead to gains both in the mid- and long-term.
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The report also cited the strong monthly dividend history at Retrocom Mid-Market Real Estate Investment Trust, and favorable long-term multi-year growth rates in key fundamental data points.
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And then, of course, the long-term or even mid-term effects on the economy would be significant on growth and on job creation.
WHITEHOUSE: Press Briefing
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The daily RS line failed to move above the long-term downtrend (line c), and dropped below its WMA in mid-August.
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Stewart Johnson, a securities analyst with Friedman, Billings, Ramsey, an investment bank, reckons that many of Genworth's lines, including fixed annuities and long-term care plans sold in the mid-1990s, along with a business in Britain that pays bills in the event of unemployment, were returning less than 6%.
ECONOMIST: Genworth: Out and up | The
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Past growth figures suggested the Scottish economy had ended that long-term trend, and put Scotland around the mid-point of UK performance.
BBC: Making up lost ground
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It is likely the reaction this time will be the same -- compensation will rise, but banks in the mid-to-long term won't need to have to pay big basic salaries and slowly businesses that don't need to be in the EU will cease to be.
CNN: Would EU bonus cap spark banker flight?
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Two ideas are on the table: commit to keep short-term interest rates near zero for even longer than through mid-2013, and restart a bond-buying program aimed at driving already-low long-term interest rates lower.
WSJ: Slowing Inflation Cheers Fed