Ready for Rapid Economic Growth?

We now know a lot more about the probable course of the economy than we did a few months ago, and are likely to learn even more in the next few weeks when the jobs report is released on April 4.

One thing we do know is that weather matters, at least extreme weather of the snowy sort that afflicted a good part of America in recent months. But now spring has sprung, the grass has riz, and merchants and car dealers can stop wondering where the customers is, to borrow a bit of doggerel from Ogden Nash. For the next few quarters that particular headwind to more rapid growth will not have the chilling effect on the economy that it has had in past quarters.