big.yank:
Its not the debt that is the problem, its is the employment reports that is the problem.
Not enough new jobs are being created to absorb the younger work force entering the market..
The Republicans would like to raise the retirement age limit for Social Security and Medicare, this would also benefit Corporations who have underfunded pensions and will also cost shift Healthcare spend into the ACA.
This is where Milo's outlook for Walgreens loses sight of the behavioral changes about costs, will occur this year in the Healthcare sector.
And placing Pharmacies in Banks and Trump Towers adds to expense from the Sushi planners, This is just the opposite that is needed..
The housing/Commerical real-estate market is still weak as US wages have declined over the last 3 years, taken into account the
rising cost of Insurance, Fuel,Food, and Water cost.
The write downs on R.E. values are being subsidized by the Fed so the debt ceiling rise will be supported.
U.S. industries have placed themself's at a Global Disadvantage thru the current tax laws, this encourages offshoring of jobs and safe havens for overseas profits..
These, I expect to be the political/Economic issues moving forward, and paying for the 3 trillion dollar Wars...
LNG will be a huge Export for the US.. creating employment growth for the U.S., but the distribution system is not built yet and will take time to create these long term jobs in Energy distribution..
2013 will be a year of transition at best with projected growth under 3% and that is with tax cuts for 98% of the population.
The extreme Concentration of Wealth will take time to unwind.
IMHO.
Regards..
GLTA!!!
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