Carlos Watson: Summer Economic Forecast: Sunny, with a chance of inflation

May 22nd, 2009 - The Huffington Post

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Two big economic trends appeared this week that might have flown under your radar, but they could have a real impact on your finances this summer. There's good news and bad news: your chances of being employed just went up, but the paycheck you'll start earning could be worth less.

Let's start with the good news: some of the 19 big banks that took your money in the TARP bailout last fall are talking about paying some of it back soon. Chase, Goldman Sachs, and a few others are nearly ready to hand over $45 billion. That's still only a fraction of the $700 billion we shelled out, but it's real money.

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