We Are Now So Close To The End Of The Crisis Era...
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With today's news that the GOP is looking for a face-saving way to capitulate on the debt ceiling, the US is now *this close* to exiting the age of crisis.
There are still a couple of humps including, well, the actual debt ceiling vote itself, and the sequester (which is the introduction of premature austerity), and the potential government shutdown.
But the bigger picture is that the economy is healing, Europe is no longer in acute crisis, and China is rebounding.
There are still risks, but the era of crisis 2007-2012 is just about in the books.
Really driving things home is a new post from Bill McBride titled The Future's So Bright...
McBride was the original crisis/economics blogger, and when he writes stuff like the following, you pay attention:
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