Apr 21, 2010

Ken Heebner on the US economic recovery

I think the earnings surprises have been strong all throughout 2009 and I think they're going to be very big in 2010. Productivity is growing at record rates. Contrary to the negative views you're getting, the American economy is really shooting the lights out, under the circumstances it's confronted with. Inflation is low. When you look at all the key parts of the economy, retail sales are surprising to the upside, new home sales are picking up, I know some of the recent government numbers have gone the other way but the numbers I look at say things are getting stronger. Industrial production is growing at a good clip. The outlook is strong and getting stronger by the day!

~ Ken Heebner, portfolio manager, Capital Growth Management, CNBC, March 9th, 2010

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