Daily News: May 6, 2013

NYT: Business Investment Rebounds Even as Recovery Drags

The New York Times reported that the economic recovery from the recession that officially ended in 2009 has been extremely disappointing for American consumers. But for business, it has been the best recovery in decades.

The Times notes that business investment in the first quarter was 21% higher than it had been in the 2009 quarter when the economy bottomed.
That was not quite as large an increase as followed the 1991 bottom, but its more rapid than the increases that occurred during the recoveries that began in 1982 and 2001, the Times said.

To read the entire NYT story, click here.