I spent the last month in the United States of America and I am absolutely convinced the US economy is continuing to recover strongly.
America is buzzing, it’s got its Mojo back. Unemployment is falling, Restaurants are full, airports are choked, flights are oversold, hotels are fully booked, house prices are up and Wall St is at an all-time high. Shale gas and the tech boom Mark II have revolutionised the place. Even those grandstanding clowns in Washington have agreed on a budget deal until September.
This will be the major investment story of 2014 (and beyond) and the ramifications are across all asset classes.