Newsweek Cover: The Recession Is Over

And here’s Obama commenting on the cover at a Town Hall meeting in Raleigh, NC Wednesday morning:
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A better than expected GDP report is spurring markets higher this morning (3Q GDP Report – from the Bureau of Economic Analysis). Two thirds of the growth was driven by “Motor Vehicles & Parts”, “Residential Fixed Investment” and “Federal Government” – that…
In retrospect, the writing was on the wall: JP Morgan has increased its offer for Bear Stearns to $10 a share in stock (0.21753 shares of JP Morgan for every share of Bear). In conjunction with the increased offer price,…
The unemployment rate rose from 5.0 to 5.5 in May, and nonfarm payroll employment continued to trend down (-49,000), the Bureau of Labor Statistics of the US Department of Labor reported today. – May Jobs Report, BLS If Iran continues…
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