One Man’s Opinion: Will Fiscal Tightening Cause A Recession In 2013?

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Fiscal tightening won’t cause a recession in 2013, says Michael Darda, chief economist and chief market strategist at MKM Partners. The latest unemployment benefit claims number fell to a five-year low and is a leading indicator for the labor market. Housing starts are strong though they are at a low level. The upswing is gaining momentum indicating some firming rather …