The US economy has solid momentum.
Except for the unwinding of the housing bubble, the rest of the economy is doing well.
Income and spending are growing at a nice pace. Claims are at levels associated with solid employment growth. Backlogs are expanding at a double digit pace. Liquidity is growing at a rapid pace. The yield curve has steepened.
These are all positive signs suggesting the housing debacle is not having the feared impact on business activity.
More on http://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977
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