Thursday, June 26, 2008

We've Gone from "Sell" to "Don't Buy!"

The AP may be trying to doom-and-gloom the story as much as it can, but the US beat projections and managed 1% growth this past quarter. 1% is far from ideal but given that the projection was 0.9% and first quarter we only managed 0.6%, this is really good news. I'm not arguing that we're out of the woods, but a recession was a foregone conclusion at the beginning of the year. Now it might not even happen.

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