Credit agency hijinks and EU deterioration have acted to camouflage US potential. Thus, price discovery in the debt and equity markets does not reflect US fundamentals.
For those who may bother to look, there are signs of vigor into year end. That is, the St view for stagnation is flawed.
Finally, authority figures (Fed / IMF) have scolded Washington to do the obvious. This will cheer potential employers, locked in place by the reality of suffocating regulation and fiscal imprudence.
Robert Craven
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