Economic Tide
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"The trend has turned," said Lawrence Summers, director of the White House National Economic Council, on CNN's "State of the Union" program. "But to get back to the surface, we've got a long way to go."
Former Federal Reserve Chairman Alan Greenspan told ABC's "This Week" that the recovery so far has led to conditions for compounding growth. In particular, Greenspan cited an increasing demand for inventory that spurs production as a signal of a possible significant build-up in growth.