The US economy appears to have turned the corner at last after flirting with danger earlier this summer, according to a rash of new data. The tentative US rebound comes as forward-looking indicators across the world suggest that a clutch of countries are poised to pick up momentum again, though dangers abound. New jobless claims in the US fell last week to the lowest since the onset of Great Recession, while home foreclosures have dropped to levels last seen before the sub-prime crash. A burst of monetary and fiscal stimulus has begun to reignite the kindling wood in Asia and Latin America. Goldman Sachs said its ... (full story)