Good Tidings for 2006

Recent data indicates that the U.S. was in sound economic health during the first quarter of the year, and the trend looks set to continue

U.S. data released in late March and early April largely confirm that the economy will post a solid first quarter. Gross domestic product should be spurred by a big first-quarter growth clip for real consumption that we at Action Economics peg at 5% to 5.5%. Solid nominal (i.e., unadjusted for inflation) sales -- led by soaring net worth, rising confidence, a falling savings rate, and high energy prices -- will drive increases in investment, income, and employment.

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