Deciphering the Strength of the US Economic Recovery

Stephen Roach offers a cautious note:

http://www.project-syndicate.org/print/stephen-s--roach-says-that-anyone-trumpeting-a-faster-us-recovery-is-playing-the-wrong-tune

Housing market may be cooling:

http://www.bloomberg.com/news/2014-01-27/sales-of-new-u-s-homes-dropped-more-than-forecast-in-december.html