Though the U.S. faces long-term problems, its economy is making extraordinary improvements,...

|By:, SA News Editor

Though the U.S. faces long-term problems, its economy is making extraordinary improvements, especially compared to Europe, BlackRock's Bob Doll says. Corporate profits could reach a new record high in Q3, and free cash flow for non-financial firms also is exceptional - cash on the balance sheet is close to 11% of assets, a 60-year high.