But they have a potential stimulus package from President-elect Barack Obama to look forward to, and that could make a difference, according to Lawrence Yun, the association's chief economist.
George Gero, vice president and precious-metals strategist with RBC Capital Markets Global Futures, looks for traders to continue factoring in potential for more stimulus in the U.S., Europe and China.
Economists are divided about the potential benefits of fresh stimulus, and Bernanke could point the stronger labor market as a key reason to delay any plans.
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These concerns, plus thoughts that the U.S. Federal Reserve has left the door open to another potential round of fiscal stimulus if the U.S. economy falters, pushed gold prices to record levels this week.
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We believe there is opportunity for multiple expansion, given long-term growth opportunities, leverage to stimulus spending, and potential for positive EPS revisions.
The stimulus bill does sweeten the pot for potential homebuyers, which supporters say could help spur the economy.
In other words, the perceived benefits of the increased fiscal and monetary stimulus measures likely can be outweighed by their potential long-term costs.
Although RBA has a short interest around 20%, they felt it could become a potential short squeeze as RBA could benefit from international growth, economic stimulus funds and a favorable valuation.
Some critics of this approach argue that the recent stimulus of the past two years front loaded and distorted any potential ramp in 2011 and 2012.
Instead of focusing on aggregate demand replacement, policymakers should view government stimulus spending from an economic return perspective that focuses on the potential value created by government spending versus the potential value created by private spending.
The automakers' best hope for funds from Congress is the potential lame-duck session later in the month, when there might be a fiscal stimulus bill.
The IMF notes that countries that responded to past crises with aggressive monetary and fiscal stimulus, structural reforms and rapid repair of their financial systems limited the loss of potential.
With unemployment high, output far below its potential, private spending still weak and interest rates close to zero, Mr Krugman and his allies argue that fiscal stimulus remains an essential prop to the economy and that deficit-cutting now will spell stagnation and deflation.
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