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Everything is not rosy, especially unemployment, but the numbers are looking up in almost every other regard, in fact, it is projected that the increase in GDP will be around 6.5%. Company profits are up, durable goods are up, stock market up, tax rebates are in the mail, consumer confidence up, home sales up, consumer and business spending up, etc... Businesses, which cut spending on equipment and software in the first three months of this year, boosted such investment in the second quarter at a sizable 7.5 percent rate. That marked the biggest increase in three years. And, after six straight quarters of slashing spending on new plants, office buildings and other structures, businesses boosted this spending by 4.8 percent in the second quarter. The US service sector surprised experts with a fourth consecutive month of growth in July that helped fan hopes of a recovery, according to Institute for Supply Management. Demand for U.S. manufactured goods rose at the sharpest rate in three months in June as a solid rise in orders for long-lasting items joined with a small gain in demand for other goods, the government said Monday. Indeed, the survey shows that the percentage of CEOs saying they're worse off now than they were 6 months ago has dropped from 51% to 26%. Americans applied for mortgages to buy homes in near-record numbers the first week in August. Applications for mortgages to buy homes rose 6.9 percent in the week ended Aug. 1 to their second highest level on record.

All this article does is recount the economic history of the USA. I do not understand why some people have a problem with that. Perhaps because the history does not support a viewpooint they have from very limited study of economics or history? now the statistical measures will tell us a great deal more about what has happened recently in our economy but they do not necessarily tell us everything one must collect the right statistics in order to be able to tell what is going on but still as far as I know no one has started making good crytal nalls that are accurate in fortelling the future.