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.But there is hope. In fact, seated at a table in a hotel suite that overlooks Toronto’s busy Bay Street corridor, Barton sees nothing but opportunity. He’s utterly effusive—well, as effusive as a mild-mannered, self-deprecating Canadian can be—about the outlook for both the Canadian and U.S. economies.
In a report to be released next month, McKinsey outlines existing and emerging opportunities that have the ability to utterly transform the U.S. economy. “Some are already unfolding, while others will require more concerted actions to capture the opportunity,” Barton says.
He cites housing starts as one reason for optimism. Other positive signs? Manufacturing companies, which have for decades systematically shipped jobs overseas, are coming home. Recent announcements that Apple Inc. and General Electric Co. are bringing some production back to U.S. soil are hopeful signs that manufacturing is making something of a comeback, Barton says.
originally posted by: stirling
HSBC is either blowing recovery smoke up our collective butts or there may be some light at the end of the long dark tunnel....