For many investors, the more than halving of the deficit from a high of $1.55 trillion during the depths of the recession is the latest sign that the economy finally has turned the corner and is on a solidly upward path.
Joseph Carr and his family know the ups and downs of the housing market well. They’ve lived it for the past five years.
The trend reversal is clearly in the right direction," he said, though "there's still a massive problem in the record level of the overall federal debt" facing Congress, he said.
Tax timing, Fannie and Freddie help cut federal deficit in half →
Sy Harding, founder of Asset Management Research Corp., said the economy could repeat its surprise performance of the 1990s, which has many parallels with today.
Tax timing, Fannie and Freddie help cut federal deficit in half →
