Even the housing market is reviving with starts

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Unformatted text preview: Conference Board’s index rose last month. The biggest drivers of the increase in the index were building permits, the spread between short-term and long-term interest rates, and an increase in new manufacturing orders, according to a survey by the Institute for Supply Management. The economy “is growing modestly, neither losing nor gaining momentum,” said Ken Goldstein, an economist at the Conference Board, a business research group. “The result is more of a muddle through.” UQ: Economy on Brink Now An economic slowdown is coming but the US will narrowly avoid another recession Bloomberg News June 5, 2012 [“US economy’s repeat pattern has a silver lining,” http://www.tampabay.com/news/business/markets/us-economys-repeat-pattern-has-silver-lining/1233638 ]bg WASHINGTON — The U.S. economy looks set to deliver a repeat performance in 2012: For the third straight year, it may suffer a swoon yet not slip into a recession. "I don't think the slowdown will be any more consequential than the past two years," said John Ryding, a former Federal Reserve researcher who is chief economist at...
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This note was uploaded on 11/30/2013 for the course PHILOSOPHY 303m taught by Professor Tye during the Fall '12 term at University of Texas at Austin.

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