The Economy Heads for Normal
The Economy Heads for Normal A look at the fundamentals affirms the hunch. The stock market may be up and down this year, but America’s economic recovery seems to be proceeding at a decent pace. Anyone who wants some evidence of that can find it in some key fundamental indicators. Pessimists may counter: didn’t the economy grow just 0.1% in the first quarter? Indeed, that was the federal government’s initial estimate – but the initial estimate of quarterly GDP is [...]