This morning’s Wall Street Journal headline on the sequester included this quote:
“If they could get this fixed, the economy is poised to take off,” Bank of America Corp. Chief Executive Brian Moynihan said in an interview.
I believe this is largely correct, albeit “take off” is perhaps a bit strong. The US economy looks to have shaken off some of last year’s doldrums, particularly in manufacturing and the housing recovery is set to accelerate further this year.
Much more at Economists View…
Or Did Obama Tax the US Into Recession? (Mish). My recession watch tentacles are quite sensitive and I don’t see it…
Fifty Trades of Grey by John Mauldin. Mauldin a fantastic analyst and after being stuck on all things Europe for too long I am happy he has moved forward.
“High-yield investing often carries a greater degree of risk than I am willing to accept. For me, I will continue to focus on high-quality dividend stocks at lower, but growing, yields.” Dividend Growth Stocks
A die hard peaker throws in the towel for now: Peak Oil: Gone for Now but Celebrations will be Short Lived by Tom Whipple.