U.S.: That Depressive Behavior Masks A Strong Economy

Don't be fooled by the second-quarter lull. Spending will rebound

This economy needs a dose of lithium. Not only has its manic-depressive behavior given the markets a wild ride, but the second-quarter low, following the first-quarter high, is obscuring a key feature of the economy's true personality: strong fundamentals, which argue that growth will rebound in the third quarter.

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