Are you buying the recovery story in the US?
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I know the debate goes back and worth and some believe the US is in recover mode (albeit at a much slower pace than the historical norm) while others don’t believe the US economy is recovering at all. It appears that there are conflicting signs, at least in my opinion, but I read this post over at a blog operated by Paxforex where they discuss Signals of U.S. Economic Recovery.
I am not quite sure if I can agree with the points raised there. One element to consider is that since the start of QE3 GDP has weakened and not gained momentum, the labor market is very weak and filled with temporary and part-time jobs and the fiscal situation is terrible.
What do you guys think?