Daily commentary: Does the US recovery have legs?

A lot of the data coming through in recent weeks shows the US recovery will continue for a bit. I caught two or three data points in the links today about this so I wanted to flag it for the daily commentary.

Here's my take: the secular move up in debt cannot continue for households without income growth. That means that this particular cycle will be short unless the jobs numbers we are seeing now translate into income for consumers and a sustained recovery that causes the economy to add 400 ...


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