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Economy In Best Shape In 18 Months

— Photo Courtesy of cnbc.com —

According to a Bloomberg Global Survey, the economy is in its best shape in 18 months with China’s economy improving and the U.S. looking to avoid the fiscal cliff driving optimism and stock markets up globally.

Two thirds surveyed described the global economy as either stable or improving with Investors selecting  stocks and the equity market as the first choice of investments with real estate and the housing market and second for investment opportunities.

The U.S. came out on top for the eighth straight quarter when investors were asked which  where they saw opportunities for the next year with China coming in as second to the U.S. and Europe as the worst place for investing. China was fourth in September according to Bloomberg survey of subscriber traders, investors and analysts.

“U.S. companies have better profit potential, balance sheets and access to capital,” Christian Thwaites, a poll respondent and president and chief executive officer in New York of Sentinel Investment, which manages more than $27 billion, said in an e-mail.

Expectation  is that the U.S. will avert $607 automatic spending and tax cuts which is helping fuel the global optimism that  President Barack Obamaand Congressional leaders will reach a short-term agreement to avoid the fiscal cliff.

Commodities are down 18 perent from September according to the last survey and forcasted to be the attractive asset expected to perfrom well over the next with the worst being U.S. Treasury bonds which forty-eight percent holders intend to sell bonds over the next six months.

“The global economy is improving, recovering and healing, thanks to the U.S. and the emerging markets,” said Andrea Guzzi, a poll respondent and vice president of IST Investmentstiftung fuer Personalvorsorge, which manages money for Swiss pension funds. “More people are becoming wealthy, less and less are poor.”

References
Globial.com
Unionleader.com
Bloomberg.com

 

 

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