John Boehner Agrees With Obama: 'We Don't Have An Immediate Debt Crisis'
Posted on 03/17/2013 8:07:37 AM PDT by blam
BofA: 'Buy America... The American Dream Is Back'
Matthew Boesler
March 17, 2013, 9:10 AM
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.
Our bullish USD view for 2013 has so far turned out to be right for the wrong reasons. We have been concerned about the impact of fiscal tightening on the US and the global economy, expecting an increase of demand for the USD in a risk-off market correction. However, the strength of the US recovery so far this year has surprised markets and the correlation between risk appetite and the USD has now turned positive. This has helped our EURUSD straddle trade originally recommended two months ago (see FX Alpha).
(snip)
(Excerpt) Read more at businessinsider.com ...
The U.S. housing recovery is one of the most exciting economic stories in the world today."
If the American Dream is back, what the hell is that phony, Marxist idiot still doing in the White Hut?
That would be the same Bank of America that announced 16,000 layoffs and is offshoring like crazy?
Now I'm not saying don't buy stocks, but I sure don't trust those fellers.
I worked for BofA last summer - it was a disaster. That place is so full of ‘affirmative action’ hires that have no clue what they are doing and the government bailout money just kept them afloat.
Do not bank with BofA.
It is the governent equivalent of your rich uncle hiring all the worthless lazy nephews who proceed to destroy the business, but act important because they’re related to the owner
When I read a release from an organization as corrupt as BofA, that sets off my radar - America is back my beutress.
We are printing MASSIVE amounts of money - it will go somewhere, but people still (for whatever reason) expect us to pay it back. That’s when the collapse starts.
Enjoy this rerun of the 1920s while you can.
The Biggest Lie Ever Sold To The American Public
The US has been lying to all of us for decades now.
We’re not talking about some kooky conspiracy theory… we’re talking about INFLATION.
The same Bank of Amigo that gave mortgages to illegals?
I will never bank with them.
The U.S. housing recovery is one of the most exciting economic stories in the world today."
So the bubble is coming back??? Sell your house for twice what it's worth and buy a bigger house for twice what it's worth???
I'd like to think that Americans won't be that stupid again, but then look at the stock market...Oh well...
Yes, the same bank:
1994 - Worthen is sold to Boatmen’s Bancshares, a large St. Louis-based regional bank. Two years later, Boatmen’s is sold to NationsBank, which in turn becomes Bank of America.
https://www.stephens.com/about_stephens_inc.aspx
Real Estate Loan Controversy In 1994, columnist Jack Anderson reported that Stephanopoulos sealed an $835,000 commercial real estate deal consisting of a two-story apartment including an eyeware retailer with a below-market loan rate from a bank owned by Hugh McColl who had been called by President Clinton “the most enlightened banker in America”.
http://en.wikipedia.org/wiki/George_Stephanopoulos
The art of the deal.
http://www.freerepublic.com/focus/chat/2975744/posts?page=17#17
Yes, the same BofA that is pulling out of eastern Missouri and who knows where else.
just a media propaganda push trying to get people to disbelieve their own experiences.
17-22% unemployment isn’t going away with a few cute web stories.
run away taxation only dries up what’s left of the American entrepreneurial spirit.
i buy/spend as little as possible
I think that they are getting a lot of American Dreams back (from foreclosures)...
Indeed, one of the most important projects in recent years was BNSF Railway's completion of the double-tracking of the railroad through Abo Canyon east of Balen, NM. With this project now complete, we may soon see superfast movement of container trains between Los Angeles and Chicago--possibly under 50 hours one way. Imagine a single train carrying the equivalent of 200 truck trailers going from Los Angeles to Chicago in 50 hours--and doing it multiple times per day.
Now all we need is an overhaul of our income tax system to encourage more savings and capital investment staying in the USA, and the US economy will zoom through the roof.
The American dream is back.... for whom?
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