Feature Highlight: Highlights
Diigo saves the day with "highlights". Highlights let you select the important snippets on a page and store them in your library with the page's bookmark. Let's try
it. Just open a page, maybe one of your old-school bookmarks or one of your new cat bookmarks, and find the information on that page you actually care about. Select that important text. Got it? Okay, now put your hemet on, 'cause this might blow your mind! Click the highlight icon on the Diigo toolbar. It's the one with the "T" on a page with a yellow highlighter. You will notice that the selected text gets a yellow background. This means that the text has been saved in your library, and as long as you have the Diigo add-on the text will be highlighted on the page! How's that for easy?
Now
you've highlighted the text. It will appear in your library within the
bookmark for the page it is on. Go to your library and you can see
how it works. If you're not sure how to get to your library, just click the second icon on the toolbar (Diigo icon to the left of the search bar) and then select "My Library »".
Allen Rodger on 05 Apr 14Summary US households and businesses have accumulated enormous hoards of liquidity. The gradual normalization of risk aversion and liquidity preferences will drive a significant acceleration of spending growth. On aggregate, the balance sheets of consumers and businesses - and their liquidity position in particular - are the most favorable they have been in the past three decades. The average age of household consumer durables and US business capital stock is at a record high, suggesting that there is significant pent-up demand. A self-sustaining cycle of improved sentiment, accelerated spending and higher income seems to have already kicked off. In this report, I will briefly outline the impact of accelerated US growth on key investable asset classes, such as the S&P 500, 10Y US Treasury yields and gold. In the wake of the financial crisis of 2007-2009, the recovery has been the weakest of any sustained economic expansion in US history. However, the US economy seems poised for a significant acceleration for the remainder of 2014. Consumer Spending To Accelerate Many analysts are still talking about "balance sheet recessions" and "household deleveraging." The problem is that was yesterday's news. After several years of restructuring, reduced spending growth, increased savings rates and debt-reduction, US household balance sheets are in better shape than they have been since the early to mid-1980s, based on a wide variety of metrics. Whether you look at debt service-to-income, debt-to-income, consumer loan delinquency rates, cash balances as a percent of income, or household net worth, the US consumer balance sheets are, on aggregate, in the best shape they have been in several decades. Business Expenditure There are several reasons to believe that the business expenditure cycle will accelerate appreciably in 2014. First, the age of US capital stock is at an all-time high, meaning that there is considerable pent-up demand to
