The US has always been regarded as an attractive investment market. It is the world's largest economy, with a GDP in 2009 in the region of $14trn - around one quarter of gross world product.
Commercially, the US stock market is both large and liquid, and is home to some of the world’s best companies and strongest brands. But how has it fared recently and is it still an attractive proposition? The Federal Reserve issued a press release at the end of April suggesting economic activity continues to strengthen and inflation is likely to be subdued for some time. In June, however, when the Fed voted to keep US interest rates at their historically low level of between 0% and 0.25%, Fed chairman Ben Bernanke said: “The pace of economic recovery is likely to be moderate for a time.”...
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