Economics

Transitory Gloom Clouds Deere Boom as U.S. Shows Resilience

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The strength of the U.S. economy depends on whether you believe optimists like Mark Zandi or pessimists like David Rosenberg.

Economists Zandi and Neal Soss, who project sustained growth during the next six months, agree with Federal Reserve Chairman Ben S. Bernanke that the recent slowdown in consumer spending, manufacturing and gross domestic product will be transitory. They point to two years of expansion in the world’s largest economy and rising corporate profits as signs that GDP is poised to pick up.