Generally, the economic numbers suggest that things are chugging along:
Initial claims for jobless benefits fell to their lowest level in two months last week, but a forward-looking indicator of economic activity suggests cooler growth in the second half of 2007, according to reports released today.
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First-time claims for state unemployment benefits fell to 301,000 in the week ended July 14 from an upwardly revised 309,000 claims the prior week, the Labor Department said. Economists had expected them to rise slightly.
It was the second consecutive weekly decline and took initial claims to their lowest level since mid-May.
I am wondering if 2008 will be yet another election with the economy taking the backseat. Iraq really is overshadowing everything else at the moment, so it is hard to tell. This most likely should be looked at seriously, though.