Everyone knew 1Q was screwed up (way too low which is why most estimates were ~3%). Everyone saying 2Q is wrong (way too high). At the end of the day the economy is growing 1.5-2.0% per year. Right where we have been the last few years.
I don’t believe it is growing at all in the real world, the inflation figures are far worse than they ever admit. Use a real inflation adjustment and the economy is probably shrinking. The official cpi figure says that $1.26 in 2014 is worth what $1.00 was worth in 2004. I say sure, and a flying pig is now worth what a Unicorn was worth in 2004. Growing economy? Horsefeathers!