There is another problem surfacing, just as the President leaves to raise money, it’s the economy. Government bean counters say that the economy in the U.S. will grow at a mere 1.5%. April through June appeared that maybe the economy was on track for a 4.2% growth, but overall investors and analysts are pessimistic at the economy. Moreover, 7 out of 10 polled say that the recessions impact is permanent whereas half of those polled said the same back in 2009 when the recession ended. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business Varney & Co. to discuss the potential causes for concern over the current state of the U.S. economy and where can we go from here.
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Tags: recession, US economy
