Are happy economic days here again? Not quite

So far today we’ve learned that: 1) The decline in housing prices slowed in June, according to the latest S&P/Case-Shiller data. 2) Average income in 2006, as reported by the IRS, finally topped the 2000 level (in 2001-2005 it hadn’t). 3) The number of Americans without health insurance declined in 2007, the first such drop [...]