First it was Lowes, and now Home Depot. Like Lowes, they are not losing money, they just made less money this time. Get over it already.

Two of the largest U.S. retailers said on Tuesday that the weak U.S. economy and battered housing industry were discouraging cash-strapped consumers from making anything more than basic purchases.

Leading home improvement retailer Home Depot Inc and No. 2 discounter Target Corp both reported lower earnings, and warned that results for the rest of the year would be sluggish.

Everyone knew that profits would be lower this year, like 9 months ago. This is not news. The real news is the fact that the economy seems to be rebounding now, and economists are ready to throw themselves out of their high-rise windows because we’re not as close to a recession as they hoped we were.

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