by Calculated Risk on 2/01/2007 12:17:00 AM

From the WaPo: Economy Gained Strength In 2006

The [GDP] report from the Commerce Department ... dispelled any lingering doubts about the momentum of the economy going into this year. ... gone are the recession worries of last summer.

"Nothing, other than an external shock, will derail the economy this year," said Eugenio J. Alemán, senior economist at Wells Fargo. "The economy's in good shape."