DUDE, WHERE’S MY RECESSION? (CONT’D): Economy rebounds in 2Q, mostly spurred by exports. “The Commerce Department reported Thursday that gross domestic product, or GDP, increased at a 3.3 percent annual rate in the April-June quarter. The revised reading was much better than the government’s initial estimate of a 1.9 percent pace and exceeded economists’ expectations for a 2.7 percent growth rate.” Not to say things are hunky-dory — I’m worried about inflation — but this doesn’t look like a recession.