Is the economy really showing signs of recovery? - By Daniel Gross - Slate Magazine
So is the economy getting better, getting worse, or just holding steady?Economic theory tells us we should be able to detect some green shoots, if only because so much fertilizer has been spread around in the form of cheap capital. But for now, every piece of good newsóevery green shootóbears caveats. While Goldman Sachs had a great quarter, that was only because it shifted its reporting calendar to exclude December 2008, in which it rang up a loss, from the results. JPMorgan's Jamie Dimon said things were going so well it might be able to repay the funds it borrowed from the government sooner rather than later, but he also warned that credit card debt is going bad.