Quote:
Originally posted by Colin
This years ECRI (Economic Cycle Research Institute) weekly index showed its fastest growth in 20 years.
"It is unambiguous the economy is going to recover" said ECRI director Lakshman Achuthan.
US economy set to roar?
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'One reason some observers are upbeat about economic growth but downbeat about jobs is that higher "commodity prices are more a reflection of global demand [for raw materials] vs. U.S. demand," said Gerald Cohen, senior economist at Merrill Lynch. "We are seeing a pickup in the U.S. economy, but higher commodity prices is more a positive sign about global growth vs. U.S. growth."'
http://www.businesscycle.com/showstory.php?storyID=567