Nomura's Richard Koo sees recent strong economic data as only "temporary," with much of it, such...

|By:, SA News Editor

Nomura's Richard Koo sees recent strong economic data as only "temporary," with much of it, such as auto sales, attributable to pent-up demand. The Jan. 1, 2013 "fiscal cliff" Ben Bernanke recently warned about - when several tax cuts expire and mandatory spending cuts agreed to last August begin - will mean the "loss of a major support for the U.S. economy."