Anyone who predicted the U.S. economic recovery would be somewhere between sluggish and painfully slow can accept their award for accuracy now.
Prognosticators who said credit would be tight until the cows came home and that hiring in significant numbers would lag behind that can stand up and take a bow.
The gross domestic product
www.monclergilet.org, after a recuperative jump early in the year, dragged itself forward
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As Federal Reserve Chairman Ben Bernanke said
www.monclerjackendeshop.com, even low inflation can be disruptive, so the Fed moved to purchase more long-term securities to pump some vitality into the recovery. China, conversely, is moving to slow rampant prices hikes, especially noting high inflation for food and property.
President Barack Obama's goal to increase exports in five years is spot on, but the response has been understandably slow. Increased demand from Europe, where austerity budgets have been penciled in for Britain, Spain, Portugal
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moncler billig, France and Germany? Not likely. U.S. corporations are now stuck drooling over emerging markets in China, Brazil, Russia and India, where a variety of complications and looking-glass fundamentals stand in their way.
The principle complication is that these are countries where the governments may be rich
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On Wall Street, 2010 was a year of white knuckles, best summed up by 15 minutes of May 6, when the Dow Jones industrial average inexplicably crashed
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That flash crash was a dramatic glitch, but it seemed to set the tone for 2010, a year in which U.S. investors may end up seeking chiropractic services for all the time spent looking over their shoulders at Europe, where budget crises lined up like a master shot in a game of croquet �C Greece and Ireland, requiring assistance with wickets of Portugal, Belgium, Spain and Italy awaiting their turns.
But financiers eked out a living. The Dow Jones industrial average will close out the year 11 percent ahead and that lags behind gains at the Standard & Poor's 500 index, which is close to 13 percent ahead, and the Nasdaq composite index, which is 17.4 percent higher than it was 365 days ago.
But late in the year, some economists began to see a wider beacon of light at the end of the tunnel. The extended tax cuts passed recently by Congress and continued aggressive Fed policies may provide the final nudges to put the recovery into that glorified state known as self-sustaining.
This week, the Labor Department said first-time unemployment claims fell below 400,000 for the first time since July 2008. It was like that from the get-go, a year of white knuckles all the way. But it turns out, they saved the best news for last.
In international markets Friday, the Shanghai composite index in China added 1.76 percent. The Hang Seng index in Hong Kong added 0.16 percent. The Sensex in India gained 0.59 percent.
In Australia, the S&P/ASX 200 shed 0.94 percent.
In midday trading in Europe, the FTSE 100 index in Britain and the CAC 40 in France each lost 1.19 percent. The Stoxx Europe 600 lost 1.29 percent.Related articles：
