Salient to Investors:
Bill Gross at Pimco doubled his forecast for growth in US GDP to 3 percent for 2013 partly because of housing, and a nominal growth rate of 5 percent. Gross said 200,000 jobs is consistent with real GDP growth of 3 percent in 2013 and won’t prompt the Fed to alter its stimulus measures – Bernanke, Yellen and Dudley have made it obvious that even if unemployment gets to 6.5 percent, they are going to look around.
Laurence D. Fink at BlackRock is bullish on the US economy in 2013 because of the strong banking system, strengthening housing market, and large supply of natural gas. David Tepper at Appaloosa Mgmt and David Rubenstein at Carlyle Group are optimistic on the US economy in 2013. The median economist predicts 1.8 percent growth for 2013.
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