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From: Fiscally Conservative	11/29/2007 10:01:48 AM
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Economy Has Strong Showing in Summer Thursday November 29, 9:12 am ET By Jeannine Aversa, AP Economics Writer Economy Grows in Summer at Best Pace in 4 Years; Performance Not Expected to Continue WASHINGTON (AP) -- The economy barreled ahead in the summer, growing at a 4.9 percent pace.(So why did they cuts interests rates in August?) The performance was the strongest in four years, but isn't expected to last through the current quarter amid the continuing housing slump and credit crunch. ADVERTISEMENT The Commerce Department's new reading of the gross domestic product from July through September, released Thursday, was even better than the government's initial estimate of a brisk 3.9 percent growth rate for period.(So why did they cut interests rates in August?) Stronger U.S. exports to overseas buyers and more inventory investment by businesses were the main reasons for the improvement.

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