Excerpt:  "The U.S. may have just completed one of the most unsatisfying 3%-growth quarters ever. That’s because the source of almost all that growth, net exports, doesn’t have the same kind of effect on employment and purchasing power that sectors more sensitive to domestic demand do, meaning the economy still may feel like a recession even if — in a gross domestic product sense — it’s still growing comfortably.

“In a technical sense, [export and domestic demand] are created equal, but just in the sense of judging the health of the economy they’re not created equal,” said Abiel Reinhart, economist at J.P. Morgan Chase."