WHAT RECESSION?

According to the Commerce Department:

Gross domestic product grew at a seasonally adjusted 3.3% annual rate during the second quarter, according to the Commerce Department, which originally put growth at a 1.9% pace. The revision, released Thursday, reflects new data showing that exports were even stronger than first estimated and that business inventories weren't depleted as much as thought earlier.

This is very good news. While it doesn't impact Maui real estate directly, this does disrupt the constant "sky is falling" rhetoric that comes out of the media and the national press. Anything that gets the general public to understand that for all the problem the economy faces, that the numbers say it is in reasonable shape is good news.