Third Quarter GDP was revised upward to 5%, making this the strongest growth our economy has seen in 11 years.
“There is a positive feedback loop going on at the moment,” Mike Jakeman, global analyst for the Economist Intelligence Unit, said in a note. “Job creation is running at the strongest rate for 15 years. More people in work means more income, which means more private spending, which means more business investment, which means more hiring.”
Early estimates are lower, however, for the fourth quarter with numbers in the 2.5-3.0% range. Of course, none of this indicates the destruction of the economy by Obama that I was promised by conservatives.
As I always say (and they always deliver:)), I'm sure they can find something wrong...somewhere...there just has to be something...
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