There is Some Relatively Good News Out There

From the U.S. Bureau of Economic Analysis (BEA) we have this press release:

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 2.4 percent in the second quarter of 2010, (that is, from the first quarter to the second quarter), according to the "advance" estimate released by the Bureau of Economic Analysis.  In the first quarter, real GDP increased 3.7 percent.

Now, if consumers will spend and show confidence, manufacturers and retailers will begin hiring again.

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Regards  —  Cliff