Economy Strong: Reporting of it is Weak
From Breitbat.com: Economists
upgrade US outlook after surprisingly strong data
“Economists are hastily upgrading their forecasts for the US economy after a series
of surprisingly strong reports suggesting the so-called “soft landing” may be over
and growth is accelerating.Over the past week, surprises have come in stronger-than-expected reports on US
job creation, the trade balance and retail sales — all key contributors to economic
activity.Lehman Brothers chief US economist Ethan Harris on Friday boosted his forecast
for fourth quarter 2006 growth to an annualized rate of 3.3 percent, a leap from the
firm’s prior call for just 2.0 percent growth.”
Now I realize I get this from the MSM but, I am not expecting to see this played up big
time in the MSM. They are just covering their bases.
The economy has been strong for years now and evil corporations and small businesses
have been adding new employees to the payroll for much of that same time. Thankfully
I pay attention to more than the MSM and so I have been up on this for sometime now.