Improved macro data as year heads into final stretch

Today’s commentary
The news flow over the Thanksgiving weekend and starting this week has been positive. I believe the data support continued global recovery, even in Europe where the data have been the weakest as the latest batch of economic data show Europe’s recovery gaining some steam. In Britain and North America, the question is asset bubbles.

My view for half a year now is that Europe was moving into a cyclical recovery that, given Europe’s economic laggard position, meant the global ...


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