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The good news is that the economy is flourishing despite the bad news.(Brief article)
The good news is that the economy is flourishing despite the bad news. The Fed has been raising interest rates, oil and commodity prices have skyrocketed, uncertainties about the Middle East have contributed to terrible consumer sentiment, and the housing market is no longer a source of strength. Yet real GDP growth was a whopping 4.8 percent in the first quarter. The job market is strong, with over 200,000 jobs added in March and an unemployment rate of 4.7 percent, down from over 6 percent in the middle of 2003. And there are no signs that the ...
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