Tuesday, September 25, 2012
Economy is Back - Housing Uptrend Sticks
Ken Heebner was on Kudlow today and said that the US economy is back for a variety of reasons with housing leading the way. He said the housing recovery is an economic "game changer" and is a trend that will be with us for quite some time. Heebner, of course, has been one of the nation's best stock pickers though he has underperformed during the Great Recession. I know the markets climb a wall of worry and we have a fiscal cliff, European banking crisis, and Iranian ambition to work through. Nonetheless, it seems that America is back and an anxious world would rather have their money here than anywhere else. We are very fortunate to have Timothy Geitner, Ben Bernanke, and above all, President Obama on the job.