BofA: ‘Buy America… The American Dream Is Back’

Via: Business Insider
 

In case you forgot….

 Matthew Boesler Mar. 17, 2013

Last week, JPMorgan said we’re not that far from a “picture perfect world.”

Morgan Stanley said the U.S. economy was approaching an “inflection point” in mid-2013 from which growth would really start taking off.

Now, BofA Merrill Lynch is out with a new report, titled “Buy America: The American dream is back.”

BAML strategists Ralph Preusser and Athanasios Vamvakidis write (emphasis added):

Markets have fallen in love with the US. This is a significant change from spending the last five years wondering which economy was the worst, the US, Europe, the UK, or Japan.

After repeated positive US data surprises in recent weeks, and particularly the very strong non-farm payroll number last Friday, buy America has become the main market theme, with the USD appreciating and US equities reaching new highs.

The US housing market is also beginning to show signs of a sustainable recovery (see Housing Watch).

The strong US performance despite the substantial fiscal tightening in the months ahead as the sequester kicks in makes the US even more attractive. Just imagine how faster the recovery would have been if the US had a better fiscal policy.

Read more: here

What drugs are these people on?...Repeat the lie…over and over…
-Moose

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