There is little evidence that the fiscal follies of Sept./Oct. have slowed the US economy. We believe growth is likely to pick up to a 3-3½% pace in 2014, for three main reasons: The decline in federal spending is likely to slow sharply. We expect a meaningful acceleration in consumer spending. We expect capital spending… Continue reading Madness Maneuvered as Markets Continue Ascent
Tag: energy
The Color of Money
Economists have a full palette of colors to paint any economic picture they desire. The markets seem to be happy right now, with less red going into the picture. Our basic economic palette consists of housing, employment and corporate earnings which all have moderated, but they do not show signs of deteriorating further and remain… Continue reading The Color of Money