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Tuesday's auto news combined with other anticipated factory-based reports bodes well for positive sentiment.
Bank reserves in enormous quantities are toxic, but like nuclear waste, they pose no danger as long as they're tucked away, in the bank reserves' case, at the Fed. When banks begin utilizing excess reserves in the form of lending, the Fed must then remove the toxins, or tighten the reins.
GDP estimates still show acceleration for the service sector, a definite plus for the U.S. economy.
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