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" ... Most things look rosy for the U.S. Even yesterday's third-quarter gross domestic product data (+3.5%, quarter-over-quarter) shows that the U.S. economy continues to lead the global recovery. Despite deflationary challenges in the eurozone, and slower growth concerns in the emerging markets (China, Brazil, and Mexico), the U.S. has managed to register two consecutives strong quarters (second quarter +4.6% and yesterday's +3.5%). Forever, the disappointing print in the first quarter of this year (-2.1%) will continue to be attributed to "transitory" factors. ... "