February 28, 2006

NOW TAKE THE FED'S FOOT OFF OUR THROATS:

Signs of an economic surge: Despite some weaknesses, the economy could grow at a 4 to 5 percent rate this quarter. (Ron Scherer, 3/01/06, The Christian Science Monitor)

[T]he economic rebound from the slowdown at the end of last year is likely to be dramatic. Some economists think the economy is now moving ahead at a 4 to 5 percent annual rate - just about as good as it gets during a long period of rising interest rates. This sparkling economic performance - the fastest growth in three years - comes even at a time when the housing market, long the bulwark for the economy, is showing clear signs of slowing down.

"The economy is regaining momentum and will have a very solid first half of the year," says Stuart Hoffman, chief economist at PNC Financial Services Group in Pittsburgh. "We all feel more confident than we did three months ago, when we were still wondering about the impact of the hurricanes."

Posted by Orrin Judd at February 28, 2006 6:17 PM
Comments

This cannot be true, because I keep reading on lefty sites (Krugman, Kos, etc) that the housing bubble will finally collapse the worst economy since Hoover any day now.

Posted by: kevin whited at February 28, 2006 11:24 PM

How said for them that wishing doesn't make it so.

Posted by: erp at March 1, 2006 8:28 AM
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