xjo direction, page-49

Some good points about US economic growth loki.
Onr thibng about the US does not quite gel. Strong growth is usually accompanied by interest rate rises to prevent overheating etc. We in Aus have seen those rises.
Yet in the US where the market has been crowing about proft growth and SP rises has seen no interest rate rises.
Either the economy is really not so hot in the US and we have all been taken in by the 'group think' or the US is running headlong into a decent bout of inflation.
Oh and of course the market never lies - only the players.