Daily News: November 5, 2012

Bloomberg: Economy Set to Improve No Matter Who Wins


Bloomberg reported that no matter who wins the election tomorrow, the economy is on course to enjoy faster growth in the next four years as the headwinds that have held it back turn into tailwinds.

The article noted that consumers are spending more and saving less after reducing household debt to the lowest since 2003. Home prices are rebounding after falling more than 30% from their 2006 highs. And banks are increasing lending after boosting equity capital by more than $300 billion since 2009.

To read the full Bloomberg article, click here.