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Thread: U.S. Q3 growth seen strongest in 2 years

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    Redress's Avatar
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    U.S. Q3 growth seen strongest in 2 years

    U.S. Q3 growth seen strongest in 2 years - Yahoo! News

    Sat Oct 10, 9:27 am ET

    WASHINGTON (Reuters)-The U.S. economy likely grew at its strongest rate in two years during the third quarter, rebounding from a steep downturn that began in December 2007, according to survey of top economists released on Saturday.

    Private economists polled October 5-6 for the Blue Chip Economic Indicators October survey said gross domestic product grew at an annualized rate of 3.2 percent in the quarter, up 0.2 percentage point from what they estimated a month earlier.

    GDP shrank in the second quarter at a 0.7 percent annual rate.
    I just thought we could use some good news.
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    Professor Charles Martel's Avatar
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    Re: U.S. Q3 growth seen strongest in 2 years

    Excellent time for a tax increase.
    It was the Austrasians, that hewed on bravely through the thick of the fight, it was they who found and cut down the Saracen King.

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    Re: U.S. Q3 growth seen strongest in 2 years

    Quote Originally Posted by Redress View Post
    U.S. Q3 growth seen strongest in 2 years - Yahoo! News



    I just thought we could use some good news.
    I hope the recovery takes hold, and grows!

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    Re: U.S. Q3 growth seen strongest in 2 years

    Quote Originally Posted by Charles Martel View Post
    Excellent time for a tax increase.
    Not yet...I'd rather wait at least another year to see how the economy is doing before we worry about increasing taxes. We aren't out of the woods yet; deficit spending is the way to go until we have seen more signs of steady progress.
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    Re: U.S. Q3 growth seen strongest in 2 years

    Quote Originally Posted by Redress View Post
    U.S. Q3 growth seen strongest in 2 years - Yahoo! News



    I just thought we could use some good news.
    Thanks for that.

    OBL 11/24/02

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