- Improved job market
- Improving housing market
- The benefits of the shale oil and gas revolution
That is quite a bit of optimism from "Dr. Doom!" However, he quickly turns negative listing the challenges also facing the American economy:
- Increased payroll taxes slowing consumption
- The sequester which will put a 1.5% drag on the economy
He obviously thinks the sequester is going to be a big drag and sees 1.5% as the rate of growth for the immediate future.