Today’s Forbes column by Lawrence Goodman notes that:
The economy seems to be coming back and is stronger than indicated by the GDP statistics released this morning. The Fed may reach its 6.5% unemployment target sooner than many expect.
The financial sector appears to be on the mend – based on CFS money and banking data.
Corporate cash balances are beginning to migrate into the economy.
Financial market distortions – as evidenced by the value of bonds and stocks – are at extremes not witnessed in over 90 years.