Rooster Talk
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U.S. Economy: Real Recovery or Mistaken Mirage?
(Actors Dan Aykroyd & Eddie Murphy in 1983 film Trading Places)
That’s the $64,000 question, particularly for the U.S. presidential elections – if things keep improving, it’s only good news for Obama. The economy has been on a roll this year, with unemployment down, consumer and business confidence up, inflation falling, and monetary policy still loose. One of the most closely watched economic statistics, the purchasing manager’s index (PMI) has been ticking up for months now, showing that the much hoped for manufacturing resurgence in America is picking up steam
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