Finance Geek

Economy: As we said as far back as February, it was likely the U.S. economy would grow by the third quarter of this year. Well, it did - and the 3.5% rebound was better than expected. But hold the hallelujahs, at least for now.
It’s almost certain that the U.S. emerged from recession sometime during the summer, most likely in June. But those who want to credit the $787 billion “stimulus” package passed in February should likewise refrain from saying “I told you so.”
They include presidential adviser Larry Summers, who said last week that “thanks largely to the…

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This entry was posted on Friday, October 30th, 2009 at 3:59 am and is filed under RealClearMarkets. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.