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War of 1812
A sour mood despite sweeter outlook
A sour mood despite sweeter outlook

This week brought another nugget of good economic news for the U.S. economy. Gross domestic product expanded at a healthy annual rate of 4.2% in the second quarter — a slight upward revision from the earlier reading by the Bureau of Economic Analysis. Corporate non-residential investment shot up 8.4%, annualized, a big improvement over the previous quarter's 1.6%. Meanwhile, the unemployment rate has been falling and personal income rising, according to the Commerce Department. So why are Americans so glum? That's the question asked by investment and economic analyst Zachary Karabell in a recent piece at Slate.com. After running through these and other positive economic...

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