Martin Feldstein, who is on President Obama’s economic recovery team, feels fundamentals point to a weaker dollar. He also feels a weaker dollar will weaken recovery in Europe.
Feldstein feels the U.S. could see positive growth in Q-2, but it won’t be the start of a sustained upturn. That Mr Feldstein thinks will come sometime next year.
Feldstein warns that the rise in U.S. long-term yields could affect U.S. recovery.
Feels it could be two years or more before US economy returns to full employment.
