Apparently the House and Senate have come to an agreement on the stimulus package. I just received this alert but can’t get over seeing $789 billion and the words “scaled back” in the same sentence. While accurate it is still hard to fathom.
Richard Hoey, chief economist for the Bank of New York Mellon Corporation, speaking at the Managed Funds Association Network conference in Key Biscayne, Fl. earlier this week, gave his take on the current economic crisis and the stimulus package.
