There is little doubt that the US economy is on the mend. Commentators who continue to refer to “the ongoing recession” or “our lousy economy,” (and there seem to be many of them), are strangely out of touch. Economic recovery so far has been of primary benefit to active investors (bonds, stocks, real estate) rather than those frozen in place, with money buried in CD’s and money market funds. Now, it appears the recovery may be reaching more of the long term unemployed, including blue collar workers in construction and transportation.
While ever cautious, knowing there will likely be some vicious short term volatility in financial markets, our belief is that the US pattern of rising GDP has legs that will likely last another two years and perhaps a lot longer.
The article, (link below) may confirm this for you:
