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The US Housing Market Is Picking Up: Economist

Wednesday, 2 May 2012 | 2:00 AM ET

Bob Bauer, chief global economist at Principal Global Investors, told CNBC, "We think the US economy is pretty resilient although we have been expecting this loss of momentum in the data for some time, which has to do with seasonal adjustment, but we think second half growth in the US will be very good."