‘Will growth slow, or is the economy about to fall off a cliff?’

‘Will the economy slow or fall off a cliff?’

Liz Peek at The Hill

This week’s surging unemployment claims suggest the economy is “weakening,” says Liz Peek at The Hill. The White House insists “things are going great,” but in reality the economy is “supported by three shaky pillars: over-the-top government spending, an overly concentrated stock market and unprecedented illegal immigration” that pressures unskilled wages. The Federal Reserve will slash interest rates “if the economy suddenly falters.” But the central bank might not be “nimble enough to stave off” a recession.