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Thursday, August 27, 2015

US economy much stronger than believed

There are many headwinds keeping U.S. growth more moderate than in the past–including leverage levels and an aging population—and the latest gross domestic product (GDP) revisions testified to this.

However, while the corridor for U.S. growth is likely to remain lower than in the past, I believe the persistent hand-wringing and skepticism regarding the U.S. economy is grossly overstated, especially when you consider the technology renaissance occurring around us today.

Read more... http://www.businessinsider.com/us-economy-much-stronger-than-believed-2015-8

Reuters: Business News

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