What is your Macro view of the economy
The economy is currently on a slow recovery. We have seen unemployment bottom out and deflation concerns fade. Right now the loose monetary policy has been working in increasing consumer spending and manufacturing, and we are back into a consumer driven recovery, which is sustainable. Unemployment as of the Feb payroll report has dropped from 9.5% to 9.0%, however Bernanke stated that, while things are improving, the economy is not fully on track for the dual mandate that he insists on, so QEII will continue at least until the 600 billion is purchased.