US Economy

The Fed and financial markets are waiting for Americans to spend so that big funds can cash out. Americans will likely be either cautious or already broke to spend to meet the expectation. Furthermore, it is likely that the trillion funds are waiting for retailers to buy shares off their inventories. Meanwhile, financial markets are still funneling prices through selling Treasuries.

• Unemployment May Cause Loan Defaults in US: Zoellick "You're going to have problems with delinquencies of credit card loans, consumer loans, people won't be able to pay their mortgages," Zoellick told reporters in Singapore. "Some banks are going to continue to be troubled by bad loans."

  Government stimulus spending will likely fuel economic growth through the middle of next year, Zoellick said. After that, consumer spending and business investment must take the baton to boost expansion, he said.

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