Submitted by CARPE DIEM

……According to First Trust Advisors (economists Brian Wesbury and Robert Stein)

Summary: Despite a loss of payroll jobs in the past three months, it is likely that real GDP grew at about a 2% annual rate in the first quarter. While real GDP may slow to just 0.5% in the second quarter, we still expect a sharp rebound to 3%+ growth in the second half of 2008. In other words: No Recession.
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