11/30/2005

Best growth in 20 years?

Is the US economy really doing THIS well? After all of the worries, interest rate increases and natural disasters it looks like the GDP isn't in bad shape at all. Looks like consumer spending is up due to the housing market growth and other "durable goods".The increase is the best we've seen in 20 years! Looks like many are hoping that the job market growth will be trailing behind and hopfully it is.

2 comments:

Dr. Tufte said...

The economy is doing this well - even though you won't hear that from many sources.

In fact, a big reason for the high price of oil is that 2004 was the best year for the global economy since the early 1970s. It looks like 2005 may match that.

Dr. Tufte said...

-1 on Connor's comment for grammatical errors.