by Bill Bonner, Daily Reckoning.com.au:
Everything is looking good for the US of A! Or is it?
The dollar — up.
Auto sales — up.
House prices — up.
Consumer confidence — up.
Consumer credit — up.
Stocks — up.
Oh, and jobs are up too…
As to this last point, even normally gloomy economist at brokerage Gluskin Sheff David Rosenberg feels the light of a rising sun on his face. The recent jobs report was a ‘game changer,’ he says:
‘First came the healing in the credit markets in 2009-2010. Then came the healing in the housing market from 2011 to now. And now we have the third act in full swing, which is the healing of the labor market.
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