Three Good Omens For The US Economy

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From UBS Murry N. Harris, three good omens for the US economy.

  • Actually, governments are balancing budgets… state governments that is. Outside of Athens and Washington, you’re actually seeing balanced, on-time, and austere budgets in places like New Jersey, California, and New York.
  • Both the ISM and home prices are stabilizing. Rents are also rising.
  • Payrolls this week will probably be decent. Private payrolls could grow by 160K.

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