10-15-2014, 01:39 AM
http://www.bloomberg.com/news/2014-10-14...rmoil.html The $11 Trillion Advantage That Shields U.S. From Turmoil By Shobhana Chandra - Oct 14, 2014 Call it America’s $11 trillion advantage: Consumer spending is likely to steer the U.S. economy safely through the shoals of deteriorating global growth and turbulent financial markets. The combination of more jobs, falling gasoline prices and low borrowing costs will help lift household purchases. Such tailwinds probably matter more than Europe’s struggles or the slackening in emerging markets that caused the Dow Jones Industrial Average last week to erase its gains for the year.

