hopperbach


If it weren’t for bad luck…

Here’s the latest economic news from the AP:

Gross domestic product, or GDP, grew at a 3.3 percent annual rate in the April-June quarter, its fastest pace in nearly a year, the Commerce Department reported Thursday. The revised reading was much better than the government’s initial estimate of a 1.9 percent pace and exceeded economists’ expectations for a 2.7 percent growth rate.

Now for the title of the article… drumroll please…

Spring’s economic rebound unlikely to last

And the subtitle:

Spring’s economic strength unlikely to last given slowdowns overseas, struggling consumers

Nuff said;) The article then goes into gloomy reason after gloomy reason as to why we shouldn’t derive any hope in these revised economic numbers. Click here for the full dreary details and then click here for the vocal accompaniment.

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