Global economy week ahead: Eyes thanks

Nov 19 2012, 12:10 IST
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SummaryThis Thanksgiving, with impact of 2008 financial crisis refusing to fade, will not feel like a time to celebrate.

some payback after a strong September.

But McCarthy with Jefferies said he was confident that housing was in the early stages of a long-term rebound.

What I like about it is that it's balanced and a gradual process, not a boom, which means it'll probably have longer legs. Housing typically leads recoveries. This time it has lagged, which means as a consequence that the recovery itself could have longer legs, he said.

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