Another Economic Stimulus Could Come Next Yr - BofA

Bank of America Merrill Lynch (BAC) analysts believe another economic stimulus package could come next year if more jobs are not created.

The comments were made Monday during a wide-ranging panel discussion entitled "Innovation, Policy and the Road to Recovery" that was sponsored by Merrill Lynch Global Wealth Management.

Given the lack of jobs in rural and urban settings around the country and the struggle that state capitals are having to balance their budgets, political pressure will rise at the beginning of next year for more stimulus, said Harold Ford Jr., vice chairman and senior policy advisor at Bank of America Merrill Lynch, "though they won't call it a second stimulus, they'll call it a creative name."

Read Full Article from Wall Street Journal

- Posted: 2009-11-17 09:31:38

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