A Mid Summers Night's Dream
From the desk of Gene Miller on Wed, 2006-08-02 21:38
My brothers and sisters at the WSJ.com surprisingly have fallen for that old chestnut which usually surfaces this time of year:
The U.S. and euro-zone economies are swapping places, at least for the second half of 2006. The growth rate in the traditional leader seems to be slowing from an already disappointing 2.5% annual rate in the second quarter, while it is accelerating in the traditional also-ran, to as high as 3%.
Turning to Eurostat for second-half comparisons stretching back to 1995, one finds the following GDP growth quarter on quarter:

Israel's ambassador to Norway, Miryam Shomrat, has