Good News: They Were Wrong Again
You have to love the media sometimes…or not, since their articles seem to resemble college freshman essays more than any professional, accurate data at times. Today’s headlines seem to be a case in point.
While the news several weeks ago couldn’t stop sighing over the lack of stimulus the government-issued checks created, now they’re singing a different, more positive tune.
Readings apparently now show that the U.S. economy grew at a 3.3% rate in the 2nd quarter, exceeding expectations of 2.7%. Why? It would seem that our general woes led to an increase in exports which helped the economy to “rebound,” as more than one media outlet puts it.
Of course the positive results don’t mean that we’re in the clear, as these same sources are – accurately – quick to point out. At the same time, it’s nice to know that the country isn’t heading down the drain quite as quickly as some would have us believe.
http://www.smartprofitsreport.com/archives/2008/us-dollar-rally05.html
Thursday, August 28, 2008 — by Jeannette Di Louie, Assistant Editor of Mt. Vernon Research
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