Economic Insights – December 2011

For at least the past three years, the economy has weathered wave after wave of bad news.  In fact, as we’ve been predicting, it’s likely that few people will recognize for at least another year that we’ve emerged from the Great Recession. However, a recent Wall Street Journal poll shows that nearly half of Americans feel the worst is behind us.  It’s true that the economy is growing.  It grew at an annual rate of 2 percent in the third quarter — the best performance in a year.  Many economists are forecasting stronger numbers for this quarter. Admittedly, hiring is not very strong......
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