Global Boom May Bail Out America
JPMorgan economist Jim Glassman sums up the current state of play:
The US economy is stalled, barely growing. It's not in recession—not what we normally mean by that label—and probably will avoid one. The rest of the world is booming. The commodity (and farm) economies in the United States—from Texas and Oklahoma to the Northwest and across the Midwest—are soaring. The dollar is competitive. Most US companies enjoy high profit margins. And US macro policy is in full throttle, with policy makers aiming to do more if events dictate.
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Reader Comments
jim glassman's always been wrong
I remember he said that the stock market was undervalued and should go up to 33000 d.j. average. In fact, it's still overvalued in my opinion.
Seems like his usual propaganda.
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John523@yahoo.com
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