Bloomberg reports that the U.S. economy is ahead of expectations (again, those experts are surprised!):
Surging exports and business spending propelled U.S. growth to the fastest pace in more than a year before turmoil in the credit markets forced the Federal Reserve to warn of a bleaker outlook. Gross domestic product rose at a 4 percent annual rate in the second quarter, the Commerce Department said in Washington, up from an initial estimate of 3.4 percent. The median forecast of economists polled by Bloomberg News was 4.1 percent.
There will always be bumps in the road (like the current mortgage ‘crisis‘), but that’s normal. What’s important is that our economy is — overall — charging forward. Don’t forget that the Dow Jones average has doubled (from 7,000 to 14,000) over the past decade.
There’s my two cents.