Friday�s report of first quarter growth should show economy is strong and no recession in sight @ Forex Factory

From cnbc.com

First quarter GDP likely is expected to have grown at a healthy 2.5% pace, a far cry from the early estimates of near zero growth. The first quarter was �doomed from the start,� according to Pierpont Amherst chief economist Stephen Stanley. There was a five-week government shutdown, through the end of January; the stock market had a massive sell off into the end of December, and the freezing cold and bad weather of January and February slowed down all sorts of activity. �Just the evolution of forecasts more broadly, maybe two months ago, people were talking about a recession.The reasons are pretty evident. … (full story)