Economic data show Europe on upswing and US growth down

Since October I have been saying that the US growth was probably going to decline for the remainder of this business cycle. In contrast, I have believed Europe would recover ever since data  last June confirmed a broad based phase shift across the entire eurozone from worsening data to better data. The most recent data confirm this pattern becoming well entrenched. Some thoughts below
Yesterday, I wrote that US data are telling us that the 4% growth ideal from Q3 2013 is not going to be sustain...

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