Salient to Investors:
Neil Dutta at Renaissance Macro Research said the economy is holding up just fine with no feared year-end cataclysmic economic shock, and the steady housing recovery will continue. Dutta said we’re in the early stages of a positive feedback loop of cheap credit, tight inventory and rising prices.
John Ryding at RDQ Economics said ex- the fiscal cliff gorilla, the platform for growth in 2013 is looking reasonably solid, but the problem is how to get the gorilla out of the room.
Lynn Franco at the Conference Board SAID the sudden turnaround in consumer expectations was caused by the fiscal cliff.
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