Salient to Investors:

Jan Hatzius at Goldman Sachs said the private sector surpluses is the mirror image of public sector deficits. Hatzius says the economic crisis will end in 2013, followed by US growth over 3%. After 2013, the US economy will benefit significantly from a relevering private sector (lower savings) with the worst of the fiscal drag coming to an end – the deficit has been shrinking at its fastest pace ever in recent years. Homebuilding will recover strongly, corporations will start spending  a larger share of its cash flow, and personal savings will edge lower. 

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