Happy Days Are Here Again
June 24th, 2011 - 8:21 am
Unexpectedly: U.S. growth revised slightly higher. Now that’s the kind of surprise I’d like to get used to.
Of course, Q1 GDP growth was revised from a measly 1.8% to a still-measly 1.9%, so we’re not exactly rolling in the dough. May durable goods orders were up some, which is a better indicator than those Q1 numbers.
So does that mean we’re out of the growth recession?