Warning: Obama’s $3.73 Trillion Budget Could Sink These Three ETFs

Recent months have brought some indications that the storm clouds over the U.S. economy are beginning to clear. Manufacturing activity is picking up again, earnings reports have been generally impressive, and consumer spending and confidence have shown signs of a pulse. Though major indexes have reached (or nearly reached) pre-recession levels, there are still lingering concerns. Job creation–believed by many economists to be an indication of a sustainable recovery has been non-existent. And though we have ousted the sub-prime mortgage issues and strengthened our dollar to some extent, we are still left with one other major issue: debt–over $14 trillion of it to be precise. To put that in perspective, a stack of $100 dollar bills totaling $1 trillion would stand roughly 740 miles high, meaning our current debt stack would be roughly 10,360 miles tall [see also 11 Rapid Fire ETF Ideas For 2011]. The government deficit has rapidly increased [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: UNG Tumbles, PHO Soars Higher 11 Rapid Fire ETF Ideas For 2011 Playing Commodities Through Exploration ETFs Thursday’s ETF To Watch: PowerShares Water Resource Portfolio (PHO) Three ETFs For Obama’s Public Works Plan