Wednesday, June 25, 2014

The Summer of Recovery, Part IV

This wasn't supposed to happen until after the November elections.  Obama is going to be pissed when he tunes into MSNBC later this week.

But not to worry.  MarketWatch tells us it is all roses from here on out:
Investors, for their part, shrugged off the backward-looking report. The economy appears to have rebounded in the second quarter and economists polled by MarketWatch predict growth will turn positive again, with a 3.8% increase. 
Read the data, and it is bad news.

Read the media, and it is good news.

Who are you going to believe?

Graph from ZH.

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