The latest indicator that the U.S. economy is on the upswing can probably be found on the street where you live: It's the "sold" sign planted in the neighbor's yard.
Perhaps you hadn't noticed, but the real estate industry is not the moribund mess you might remember from the crash. U.S. housing prices rose in March for the biggest gain in seven years and the fourth consecutive quarter of year-over-year improvement.
Meanwhile, the consumer confidence level was reported at its highest point since February 2008, at 76.2 percent, according to The Conference Board. That's a leap from 69 percent in April.
The positive economic news was heard loudly on Wall Street,...