Could it be? Finally? It has to be. All the signs point to it. If not now... when? No, we are not talking about cancellation of the Kardashians' shows. We are talking about the U.S. economy and could it finally be ready to throw off the yoke of the Great Recession. It appears to have battled sequestration, debt ceiling debacles, government shutdown and myriad other roadblocks to have emerged on a much stronger footing than anyone could have imagined even three months ago. Multiple economic measures and markers are lining up and pointing to a sustained recovery at the cusp of accelerated expansion. A solid Q3 GDP reading, expanding manufacturing and auto industry, rising house prices, sales and inventories, fewer foreclosures, steady labor market, improving balance sheets for both households and businesses, improving conditions in Europe – the list could go on. More importantly, uncertainty about political and policy decisions have faded in prominence and consumer and business confidence is on the upswing. The only thing to worry about now is how far and how quick interest rates will rise in 2014. We have come a long way.
Source : CBRE Global Investors