The markets are now in the process of unwinding the double-dip scenario that had reached a zenith in August when jobless claims were 500k. Yesterday, SF Fed Director of Research stated, “Our forecast at the San Francisco Fed is for real GDP growth of about 2½ percent this year. We expect growth to pick up steam next year to between 3½ and 4 percent.” This is the first time I’ve seen this strong of a positive outlook for next year and it’s encouraging.
At the beginning of August, I put out a list of 15 positives that were needed to … …READ MORE
