With the clock turning to July — and summer barbecues beginning to heat up — the economic recovery has turned five years old. It’s hard to believe that it’s been that long since we moved officially out of recession and moved towards realizing positive economic growth. Sure, there is still some uncertainty, and sometimes it may not seem like we’ve progressed that far. But Crossing Wall Street’s Eddy Elfenbein has a nice look at just how much our GDP has grown sine bottoming out five years ago.
Economonitor (Ed Dolan): But what the heck is an economic recovery anyway?
Bloombergview (Mohamed El-Erian): And is the recovery of the markets really just smoke and mirrors?
FT (Peter Elston): Want to play the recovery now? Some experts think small portfolios are the way to go.
Bloomberg (David Wilson): On the other hand, maybe you should just buy an index fund. A big ol’ broad index fund.
Greenbackd (Tobias Carlisle): And if small portfolios and index funds don’t appeal to you, there’s always value stocks.
WSJ/China In Real Time (Chao Deng): A Chinese province wants officials to jump in its polluted waters. That might fast-track pollution legislation.
OilPrice.com (Amy Gleich): Energy crisis? There’s no energy crisis — especially when we have dead bodies and other bizarre energy sources.