Monday, April 21, 2014
Three more newsbits
Reformed Borker (Bork Bork Bork!) - corporate economists expect spending to increase. And thus the US economy is still going to improve.
Bonddad - the state of housing permits. Where he says "the best and most forward looking indicator, housing permits, has reversed course and trended upward in the last two months". And thus the US economy is still improving.
Calculated Risk - property tax collections above pre-recession peak. And thus the US economy is still improving.
Pass those three links on to your local doomer and ask him how the S&P is supposed to have reached a cyclical top.