The “official” end of the Great Recession was New Years Day 2013, according to analyst Russ Fischer. The inflection point was Congress finally getting it’s act together on taxes and spending. This removed some of the uncertainty which has been overhanging the economy the past few years.
Most importantly, some big macro trends have been slowly building, which will drive the economy in 2013 and beyond. These include: New construction, manufacturing in-sourcing, growing energy independence, and online education.
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