If you can endure the “bruised”, “hunkered down” reporting of the Associated Press’s Jeannine Aversa for a few graphs, you’ll get to the meat of the thing: US economy grows 0.6%.
“The economy is weak but not collapsing,” said Lynn Reaser, chief economist at Bank of America’s Investment Strategies Group. “A recession can’t be ruled out, although the stars are not lined up at this point to definitively say one way or the other.”
On Wall Street, investors found comfort that the GDP figure was a bit better than expected. The Dow Jones industrials were up more than 100 points in morning trading.
They’ll be kicking wastebaskets around in Democratic campaign offices this morning. Oh well, give the media a few more weeks to work their magic…






