Mike Englund says an uptick in global trade will be the key to reviving U.S. growth. He tells you which sectors will benefit most.

 

Mike Englund is chief economist at Action Economics LLC. He is a specialist in Federal Reserve policies and the U.S. economy. Before joining the Boulder, Colo.-based research firm, Englund was the chief economist for MMS International. His background also includes serving as Standard & Poor's chief market economist.

On Monday, IndexUniverse.com's Murray Coleman caught up with Englund as he was assessing the latest U.S. Treasury and Federal Reserve moves to buy so-called "toxic" assets and strengthen credit flows in U.S. markets.

 

IndexUniverse.com (IU): Is the current stock market rally sustainable?

Mike Englund, chief economic, Action Economics LLC (Englund): In the past two months, we've seen evidence that the rate of collapse in the U.S. economy seems to be slowing. Essentially, it's coming primarily [from an uptick] on

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PDollar’s fall last week is exactly what I’ve been warning about. Bear market in dollar is NOT over. See this article from Bloomberg. -- LarrybrbrDollar Staggers as U.S. Unleashes Cash Flood, Deficit (Update2) brbrDec. 15 (Bloomberg) -- The biggest foreign-exchange strategists and investors say the best may be over for the dollar after a four-month, 24 percent rally.brbrThe currency weakened 5.9 percent measured by the trade- weighted Dollar Index after strengthening between July and November as investors bought the greenback to flee riskier assets and repay dollar-denominated loans from lenders reining in credit. Ever since peaking on Nov. 21, the dollar fell against all 16 of the most-widely traded currencies, according to data compiled by Bloomberg.brbrU.S. policy makers are flooding the world with an extra $8.5 trillion through 23 different plans designed to bail out the financial system and pump up the economy. The decline shows that the increased supply ...