The US economy has been encouragingly resilient to its housing sector blight and the recent turmoil....
The US economy has been encouragingly resilient to its housing sector blight and the recent turmoil. The Federal Reserve has played a deft hand in returning liquidity to the system and investors have eagerly recommitted to equities, pushing the Dow Jones Index to all-time highs in early October. The booming US stock-market recovery since August has been met by warnings of impending bust. The market's jittery reaction to Caterpillar's recent downward revision of profits suggests volatility will stalk equities for some time. Caterpillar aside, the latest earnings projections have been robus...
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