Why the US upswing will endure and how this business cycle ends

I am sending this out to everyone on the distro today because I am going on vacation/holiday for the next week and I won't be near a computer for all of that time. There will be no Credit Writedowns posts all this next week!! So I want to end this week's daily posts with a sort of "where are we?" post.

If I wasn't clear in yesterday's daily post, I'm mostly bullish these days. Unemployment is low and jobless claims data say it can continue to fall. GDP growth has been above 3% for a while now and looks to stay that way as well. And companies and households are generally optimistic about the future. That's a great picture for the next 6 to 12 months going forward.
Think of the business cycle as distinct from the credit cycle
The worry is the credit cycle. And I want to get to that. But let...


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