"In Latest Data on Economy, Experts See Signs of Pickup" By ANNIE LOWREY at The NY Times

[applegrove]

In Latest Data on Economy, Experts See Signs of Pickup

By ANNIE LOWREY at The NY Times

http://www.nytimes.com/2012/07/13/business/economy/in-latest-data-economists-see-signs-of-pickup.html

"SNIP...........................................

Economists at many of the most-watched forecasting organizations, both public and private, expect growth to pick up through the summer and into the fall, although only to a pace broadly considered sluggish, if not dismal.

This week, Macroeconomic Advisers, an economic consultancy often cited by policy makers, estimated the annual rate of growth in the second quarter at just 1.2 percent — well below the pace needed to reduce the unemployment rate. But the firm also projected growth to accelerate to around 2.4 percent in the third quarter.

“The pace of economic growth is picking up, but not to a rate that is very robust,” said Joel Prakken, the chairman of Macroeconomic Advisers. “It certainly is no great shakes.”

Forecasters, including those at the Federal Reserve, have been overly optimistic at several points during the slump of the last few years, of course. But the recent fall in oil prices and the stabilization of the housing market do give some gravitas to the current predictions.

...........................................SNIP"

[1StrongBlackMan]

1. Shhhh ...

We're talking about how outrageous it is for President Obama's campaign to ask romney to explain why he won't release his tax returns.

[DCBob]

2. If this holds true and unemployment also improves.. even just slightly..

President Obama is going to win reelection.

[Rosanna Lopez]

3. I agree

I can certainly agree with you on that one. ; )

The 'economy' is really all Romney has as an issue. If the economy gets better, then he's done. If Obama can be ahead of Romney now when the economy is just holding water, he certainly wouldn't fall behind if it got better!

And since Romney loses out to Obama on the foreign policy/national security category (where Democrats are now beating Republicans for the first time in decades), he doesn't have anything else to offer.

[DCBob]

4. are we back on speaking terms?

cheers!