Warning: Reader discretion advised. Some readers may find this blog objectionable, because it highlights certain positive elements of the economy. If good news doesn't fit with your perceptions of reality, then you should stop reading now.
Okay, I know human nature, and even though you are highly skeptical, you didn't stop reading, did you? What could be good about the economy with sky-high debt and unemployment rates just recently dipping below double-digits? Last Friday, ABC News reported that tech companies are on a "hiring spree". Microsoft and Google recently gave everyone at their companies a 10% raise. But that's just a narrow slice of the economy, right?
Let's look at the Institute for Supply Management (ISM) data. Earlier this month the ISM reported that economic activity in the manufacturing sector expanded in March 2011 for the 20th consecutive month. In fact you have to go back to 1983 to find three consecutive months where their Purchasing Managers Index (PMI) was higher than the January-March 2011 period....