Ethan Harris
Ethan Harris
bit both calling china deficit pointing policy poor pot reflects sides
The U.S. pointing to China is a bit like the pot calling the kettle black. The deficit with China reflects poor policy on both sides of the Pacific.
business certainly economy fairly general half holding increase lack main optimistic past reflects seeing survey year
The main thing holding back the economy in the past year and a half has been a lack of business confidence, and now we're seeing these surveys with a fairly optimistic take on the economy. The non-manufacturing survey certainly reflects the general increase in confidence, and that's a self-fulfilling thing.