Overall recovery remains weak, but expansion is broadening

This summer marked the second anniversary of the end of the Great Recession. The occasion was commemorated with a downward revision in the first quarter gross domestic product to 0.4 percent, political posturing in the debt-ceiling debate that rivaled a WWE smackdown, and equity markets that bounced around like a Skyball on steroids.

Nationally, job creation has been positive, but insufficient to reduce the unemployment rate, and chatter about another recession has resurfaced. The Federal Reserve responded by announcing that low interest rates (and a stagnant economy) were going to be with us for a while. Clearly, this ain’t your mother’s…