Finally, the U.S. economy may be starting to hum
Finally, the U.S. economy may be starting to hum
By Kevin G. Hall
McClatchy Washington BureauDecember 31, 2013
WASHINGTON — For the first time since 2007, the U.S. economy is poised to start the new year on a strong footing amid a flurry of signs that point to a firming recovery.
From sales of cars and homes to hiring and the booming stock market, there are reasons to finally believe that the coming year will be markedly better than the last, and that a fits-and-starts-recovery will hit its stride.
“I would argue that we’re coming out of rehab finally in the United States,” said Ethan Harris, a top economist for Bank of America Merrill Lynch.
The U.S. economy grew at a sizzling 4.1 percent annual rate in the third quarter, the Commerce Department said Dec. 20. That’s stronger than previously thought.
Aided by the Federal Reserve’s bond buying to stimulate risk taking and broader economic recovery, stocks closed 2013 on a tear, posting their best performance in almost two decades.
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“We have been painting a pretty optimistic picture of 2014 U.S. growth,” Scott Anderson, the chief economist for Bank of the West in San Francisco, said in an outlook for the coming year. “Indeed, recent economic releases have added to that rosy picture.”
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from the Fascist Plutocratic Koch-Puppets!
Mahalo for the Glass 1/2 Full, babylonsistah! 
