It’s halftime! 2013 is half over, and data for another quarter is in. It’s time to check in on Barataria’s predictions for the year and see how things are going.
The mainstream press has already latched onto the story of a recovery that is slow but gaining strength, so this is hardly news anymore. But exactly how and why it is strong remains important in many ways. This is a restructuring more than a traditional recovery after a recession, so it takes a lot of time. The foundation has to be laid before the new economy can be framed on top of it. That foundation came through in 2012, but progress has to continue in key areas to make it possible for the jump to a new boomtime around 2017 or so.
Break out the expensive commercials and grill the burgers, we have a game!