U.S. Economy Grows Most Since 2011

[RussBLib]

1. an eight-year high

that was a brutal winter in the 1Q14

To provide some additional context, 4.6% growth is tied for the best quarter since the start of the Great Recession. The last time we saw GDP growth stronger than this was the first quarter of 2006 – more than eight years ago, long before the start of the downturn and the 2008 crash.

What’s more, the shift from -2.1% (January through March) to +4.6% (April through June) is easily the largest positive quarter-to-quarter swing since the start of the Great Recession is late 2007.

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I hope the markets will pull their heads out of their asses.