Business: Columnists and Blogs - The Washington Post: The economy is holding up surprisingly well in a year of austerity

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The economy is holding up surprisingly well in a year of austerity May 29th 2013, 01:27 A U.S. economy that was supposed to be barely hanging on is starting to look surprisingly robust. Housing prices rose faster over the past year than they have in the past seven, according to data out Tuesday. Consumer confidence hit its highest level in five years. The stock market rallied another 0.6 percent as measured by the Standard & Poor's 500, leaving it just short of an all-time high reached last week. And the national retail price of gasoline fell for six days straight through Monday and is down 16 cents a gallon since late February. Read full article >>

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