It’s a red-letter day. Today the Commerce Department released its much-awaited Q2 GDP data.
The swirl around this announcement draws from a humming economy and more. The number is exceptionally bright with a growth rate of 4.1 percent. Economists cite everything from a surge in soybeans to changes in tax law for the growth spurt. However, those harder to impress have brushed off any long-term meaning of a strong GDP instead calling it a blip on the radar versus a sign of things to come. Whether trend or bump, what’s fed the rise?