Are there reasons to fear a drastic stop of growth in the United States?
The latest employment figures could create concern about a drastic stop of growth in the United States (but the cyclical indicators indicate that growth will remain quite strong). Admittedly, the return to full employment will slow down growth but a drastic stop of growth in the United States is unlikely, due to: The highly expansionary fiscal and monetary policies; The lack of asset price bubble that could burst, on the contrary, there is no negative wealth effect; The good level of household and corporate solvency; The return to quite low credit spreads; The vigour of the mining sector .