:: Saturday, March 20, 2010



Thursday we got another indication that the U.S. economy is returning to strong growth. The government’s first estimate for the third quarter came in at a 3.5 percent annual pace.
Again most economists were wrong. The consensus was for only a 3.2% jump. In fact several analysts had actually lowered their estimates yesterday [...]
It was a week that was flush with positive news stories.
1. Personal income in April was reported to rebound sharply. Personal income jumped 0.5 percent in April far better than the forecast by most economists for a 0.2 percent drop. House investor’s rental income also spiked up 3.1 percent after several months of decline. The [...]
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