The basic "Main Street" economy is starting to recover. Retail sales are strong; Apartment rentals are strong; Purchasing Manager's index is strong. The overall impact is the base economy in the US is slowly recovering. But.....
"Wall Street" and the banking sector is weak. Europe and the large banks have had a difficult time recovering from the recession. One of the key questions is which is going to win out? Will the banking sector/Europe drag Main street down to a 2nd recession? Or will the strength of Main Street drag the banking sector out of recession? Which will win?
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