Based on the snippets we hear about fiscal cliffs, tapering and the like, one could be forgiven for believing the US – the world’s largest economy – was on the cusp of another melt down.
Against that gloomy backdrop, this interesting article was published on Bloomberg – the world’s #1 business news website (bold emphasis added).
“Five years after Federal Reserve Chairman Ben S. Bernanke dropped U.S. interest rates toward zero to end the worst economic crisis since the Great Depression, America’s financial markets have become the envy of the world. From money-market rates to yields on government and company bonds to equity prices, financial conditions in the U.S. are healthier than before Lehman Brothers Holdings Inc. collapsed in 2008, even as growth falters in Asia and Europe.
The U.S. now has the strongest economy among industrialized nations, which would be its highest rank since 2000, according to David Woo, the New York-based global head of interest rate and currency strategy at Bank of America Corp…”
