Based on recent economic data a number of economists have raised their estimates for real GDP growth to the 4s range, meaning in excess of 4% growth. Economists cited as reasons significant improvement in corporate capital spending and rebound in housing market.
What’s the point? U.S. economy could well be accelerating into a stronger growth pace that would support higher capital spending. We believe corporate capital spending, including technology-related spending, and housing will be among the stronger sectors of the economy. While consumer spending should rebound somewhat, we still believe consumer spending will remain subdued relative to previous recoveries over the past 40-50 years. Link: http://www.cnbc.com/id/101642225?__source=msn|money|headline|headline|story|&par=msn&topic=TOPIC_ECONOMIC_INDICATORS&isub=3