Rosenberg Daily - Clear thinking on Fed & tax cuts

...while the economic data may look a little better, frankly, I doubt that we have anything close to sustainable economic growth on our hands. For those who think we do, I believe they have to answer for why it is the U.S. economy needs another $600 billion of asset buying by the Fed or why it is that the extension of the Bush tax cuts is somehow so vital for the near-term macro backdrop. [today]