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Thursday, August 28, 2008

Respite

We saw this news yesterday. The dollar has been low, so American exports were looking good. Keyword is 'were.' In truth we need more detail because many economies are hurting right now, worldwide. So will this continue, this growth in American exports.

Regardless, many are seeing their portfolios mildly waking up. There is still quite a ways to go. For the moment, the sleeping death ray is on mild.

Breitbart.com: US economy sees surprise 3.3 percent spurt
The US economy outpaced expectations as surging exports fueled a second-quarter growth spurt at a 3.3 percent pace, according to data Thursday that analysts say makes recession less likely.

The latest figures, helped somewhat by a massive economic stimulus package, suggest the world's biggest economy had more momentum than previously thought by analysts, many of whom anticipated recession.

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