Is The Fake Recovery Becoming Real? And Would That Be As Bad As It Seems?

The homebuilders are happy. US retail sales are up. Even France is ‘turning the corner.’
And now the Atlanta Fed, which has lately been both far more pessimistic and far more accurate about US growth than other mainstream economists, is creeping towards the Blue Chip consensus. It recently bumped its Q2 growth forecast growth to 2%, more than enough to offset the negative Q1 reading. If this forecast holds, then first-half growth will be at least marginally positive, with serious momentum heading into the Fall.

This post was published at DollarCollapse on June 19, 2015.