Except for, well, the repo crisis and Fed lowering rates and printing money.
I kid, of course. Those things aside, the raw economic data (housing starts, jobless claims, Phila outllook) all did very well this week. After a few weeks of somewhat bad news, this is welcome. I am more convinced than ever that we are not near a recession.
We will only find out if today's news is really good in the future.