This is a pretty amazing number. I don't see how anyone can be talking about anything near a recession or even a slowdown with growth like this. This is really fast growth.
Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 4.9 percent in the third quarter of 2007,
according to preliminary estimates released by the Bureau of Economic Analysis. In the second quarter,
real GDP increased 3.8 percent.
Related Posts
Who is to blame for the economics problems: By 60 to 31 percent it is the government, not Wall StreetJohn Fund at the WSJ Political Diary has this:An Oxford-style debate held last night at New York's Rockefeller Universi- When the value of the dollar falls, investments in the US become more attractive and stock prices tend to riseThe US dollar has been falling a lot this year. This is just something to keep in mind when watching the changes in th
- Obama still doesn't get it on economicsReuters writes: "Obama blames speculators for rising fuel prices"Obama doesn't understand that "speculators" smooth the
- "Should We Nationalize U.S. Banks?"The transcript and video of my interview with Glenn Beck are available here.
- Surprise: "Dollar caps worst week in 24 years"I say "surprise" because what do you expect when the government massively increases the money supply. Reuters has the
- New York Times takes hit on website traffic after it starts charging for accessNot very surprisingly given that people are given a certain number of free page views before they have to start paying
GDP increased at an annual rate of 4.9 percent in the third quarter of 2007
4/
5
Oleh
abudzar
