June 29, 2006


Economy zips ahead at a 5.6 percent pace (JEANNINE AVERSA, AP )

The economy sprang out of a year-end rut and zipped ahead in the opening quarter of this year at a 5.6 percent pace, the fastest in 2 1/2 years and even stronger than previously thought.

The super-rich got tax cuts and what did you and I get...besides an economy that's growing like kudzu....

Posted by Orrin Judd at June 29, 2006 12:09 PM

So why is the Fed apparently determined to kill it?

Posted by: b at June 29, 2006 12:31 PM

5.6% you say?

Ruhoh. I smell inflation. I advise putting all your wealth into gold, and storing it under your bed.

Posted by: Alan Greenspan at June 29, 2006 2:31 PM

Drudge has a Reuters story up that the Fed is raising rates again????

Posted by: erp at June 29, 2006 4:21 PM

Hey wait a minute...I'm not rich and I got a tax cut!

Posted by: Bartman at June 30, 2006 9:31 AM

I love the headline, "Economy growth boils, but may be cooling". We really saw a lot of that during the Clinton Go-Go 1990's, didn't we?

Posted by: pchuck at June 30, 2006 11:13 AM