Why the Economy Could… Pop!

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from CNN,

Housing is coming back. Banks are lending again. Energy is booming. A prominent Democrat argues that the U.S. economy is finally coming back to life.

It is easy to imagine that because Washington is mired in political gridlock, the rest of the country is stuck too. This may explain why surveys show deep pessimism over the nation’s Economic Outlook. Such sentiment made sense after the scary financial collapse of 2008, but it doesn’t anymore. In fact, after five years of struggling against headwinds triggered by that collapse, the U.S. is making a surprisingly strong comeback. It’s the great untold story of the summer of 2013: a combination of cyclical recovery forces and uniquely American strengths are revving up growth. The U.S. economic outlook is as strong as it has been in more than a decade.

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