Just Because the Washington Post Got Fooled by the Economy, It Doesn't Mean That Everyone Else Did

The Washington Post ran a piece titled, "the April Fool's Economy," that began by telling readers:


"The economic recovery has faked us out before."


It continued:


"In 2012 and 2011, seemingly strong momentum in the first half of the year gave way to summer slumps. Will the third try be the charm? Or is this just another prank — one that’s getting old fast."


Huh?


In 2011 the economy grew at a 2.5 percent annual rate in the second quarter and just a 0.1 percent rate in the first quarter for a fi...

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Published on April 02, 2013 02:39
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