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The US economy remains healthy—for how long?

Growth is still above potential, but trade wars and flagging business investment could yet knock things off track 

By Megan Greene  

Photo: Michael Brochstein/SIPA USA/PA Images

The US equity and bond markets are telling completely different stories about the outlook for the country’s economy. In the first seven months of 2019, the S&P 500 index rose by 10.2 per cent, suggesting firms could continue producing strong corporate earnings off the back of decent economic growth. Over the same time period, borrowing costs on 10-year Treasuries fell from 2.68 per cent to 1.89 per cent, sign-posting lower…

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