WB also likes to remain politically neutral or "correct". If US GDP growth were adjusted for the huge increases in public spending, I think the private picture looks a whole lot worse. That does not bode well for US debt and the dollar nor support the view that the fed has anything under control at this point. The truth of the state of the US economy now cannot kick in until after the election, so expect continued major market drag on NOT as the tangled web gets more intractible. NOT's strategies appear suited to bridge this gap , patience is all that is needed.