US Economy - Searching for Direction

UPDATE: US Durable Goods Orders Released
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An interesting piece by David Leonhardt

http://www.nytimes.com/2012/10/24/us/politics/race-for-president-leaves-income-slump-in-shadows.html

The corporate sector is less enthused about US/global economic conditions

http://www.nytimes.com/2012/10/24/business/economy/companies-arent-as-optimistic-as-consumers.html

Low Interest Rates and the Direction of US Equities
http://www.economist.com/news/finance-and-economics/21564845-low-real-interest-rates-are-usually-bad-news-equity-markets

Also, see Robert Shiller on the US Equity Valuations