Apropos of Nothing

November 29, 2007

3rd Quarter GDP Growth Raised to 4.9%, The Best Since 2003

Filed under: Newsworthy — aproposofnothing @ 8:31 pm

I was talking to someone today about the economy. Everywhere you look, people are buying flat screens and iPhones. Contractors are turning away work because they can’t keep up with demand. Strip malls and business construction is seen all over the place. Holiday shopping seems to be rocking. Yet, all you read in the paper and see on the news is doom and gloom.

The government’s Bureau of Economic Analysis (BEA) today released a report revising the third quarter economic growth from 3.9% to 4.9%.  From what I remember, anything over 3% is great and close to 5% must be awesome.  I haven’t seen or heard anything about this in the media.  I would think this would be front page stuff.  I just can’t understand why!  heh

Thanks to Ace for the h/t

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