You get a one month jump in housing prices and suddenly the economy is booming. Okay, that's not quite fair, housing prices have been rising at a pretty rapid pace for a year now, but still does the Post really want to claim that the economy is "surprisingly robust?"
Let's remember where we stand. The economy grew at a 2.5 percent annual rate in the first quarter. Given the economy's trend rate of growth is between 2.2-2.5 percent, this means that we were at best making up lost ground at the...
Published on May 28, 2013 18:55