The heavy shooting is over in Iraq. The Yankees are in first place and the Celtics are in the playoffs. The parka is in the closet and spring has sprung. Will the progress continue? Let’s gaze into the future.

The economy will finally start to slowly bounce back this summer. Ignore all of the economists who tell us that the recession ended a year ago. America’s economic measures, including unemployment and gross domestic product, are too crude to tell us how things really stand. Unemployment misses millions of people who have taken themselves out of the job market or are significantly underemployed. GDP was a pretty good measure when the economy was based on manufacturing, but our services economy does not lend itself to the same type of measurement. We have been in a solid recession for two years.

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