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The US economy grew at a 3.8% rate in the second quarter

cnn.com

5 points by washedup 3 months ago · 1 comment

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jfengel 3 months ago

Well, that staves off the technical recession for another half-year.

It does point out the difference between the technical recession indicators and what people feel. We had similar results a year ago, and the incumbent government was destroyed for it.

Unfortunately measuring that "what people feel" component is really hard. It often presages a technical recession, but like all economic indicators it has predicted 17 of the last 4 recessions.

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