As Coincident Indicators confirm economic growth, the stock market will head into the next phase.
Pressure on bonds will increase.
Standard business cycle, with one exception.
The massive increase in the Monetary Base now has to be withdrawn.
* * * * * J B K * * * * *
San Francisco
March 1 (Bloomberg) -- Spending by U.S. consumers increased in January for a fourth consecutive month, a sign that the biggest part of the economy may contribute more to growth in coming months.
The 0.5 percent increase in purchases was more than anticipated and followed a 0.3 percent gain in December that was larger than previously estimated, Commerce Department figures showed today in Washington. Incomes climbed 0.1 percent, short of expectations and reflecting declines in dividends and interest.
Retailers such as Home Depot Inc. and Macy's Inc. are forecasting rising sales this year, even as they don't foresee a robust economic recovery. An unemployment rate that's projected to average 9.8 percent this year may restrain household purchases, which account for about 70 percent of the economy.
http://www.bloomberg.com/apps/news?pid=20601068&sid=aH9O6gFU0qDQ
