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US Economy Grew 3.6% In Third Quarter

Thursday, December 5, 2013 - 9:21 AM
The US economy grew at a 3.6% annual rate from July through September, the fastest since early 2012. But nearly half the growth came from a buildup in business stockpiles, a trend that could reverse in the current quarter and hold back growth.

US economy grew 3.6% in third quarter at fastest rate since 2012 | Business | theguardian.com
4
ShorebreakShorebreak2,683 posts since
Apr 6, 2010
Rep Points: 14,546
1. Thursday, December 5, 2013 - 10:08 AM
Is this the great Economic news that some posters think will get interest rates soaring??  There is only an increase in hiring because of the holiday season.  People may start buying again but only due to holiday sales etc.  Once the holidays are over, we will go back into our usual slump.  I don't think this is going to cause interest rates for savers to go over 3% because it isn't a lasting effect.  If there is good news, it will only be temporary.  Our Economy is on a rollercoaster ride and will stay that way until we get politicians in Washington who will stop the overspending and waste of our tax dollars.
1
paoli2paoli21,401 posts since
Aug 10, 2011
Rep Points: 6,135
2. Thursday, December 5, 2013 - 1:20 PM
Because the average GDP has been 3.24% since 1947 and since the GDP has beaten this rate of 3.6 only 3 times in the last 15 years  and once was with this president (this is his second time) I would say at least he has matched the last president and still has 16 quarters or so to go to better it. I am not quite satisfied but somewhat encouraged. A slow growth is much better than the horrible ups and downs that many of us have lived through in the past. Lowest GDP since 1947 was a minus 10.40 in the first quarter of 1958. Highest was in 17.2 in the first quarter of 1950. These kind of rates in that 10 year span in not good for business or its citizens. Way too much stress. 
2
Ally6770Ally6770937 posts since
Jan 16, 2010
Rep Points: 2,727
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