Woo-hoo!  GDP only fell at an annualized pace of 1% in the second quarter!  Pop the champagne!

Thoughts:

  • Happiness is relative
  • This number will be revised, probably downward
  • Consumer saving continues to rise, and probably will for a while
  • Employment isn't going to recover for quite some time

We want to hear what you think about this article. Submit a letter to the editor or write to letters@theatlantic.com.