Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (825057)	12/23/2014 12:22:41 PM
From: zax	1 Recommendation Recommended By tejek Respond to of 1578531

U.S. economy grew at a rate of 5 percent in third quarter, the fastest in more than a decade washingtonpost.com By Chico Harlan December 23 at 10:45 AM The U.S. economy grew at its fastest rate in more than a decade between the months of July through September, according to government data released Tuesday morning, marking the latest sign that a once-sluggish recovery is now running at full speed. The Commerce Department said gross domestic product growth hit an annualized rate of 5 percent in the third quarter, revised upward from the previous estimate of 3.9 percent. Not since 2003 has the economy expanded so quickly. The better-than-expected GDP numbers helped push the Dow Jones Industrial Average above 18,000 for the first time, the latest in a series of record highs. The S&P 500 also edged up. Economists say the United States is showing signs of a virtuous cycle in which workers can find suitable jobs that pay well and allow them to spend money. A year of robust labor market growth has been helped by falling oil prices, which amounts to a de facto tax cut and saves consumers hundreds annually at the pump. The latest third-quarter estimate rose “for all the right reasons, notably stronger domestic demand,” Diane Swonk, chief economist at Mesirow Financial, wrote in a blog post. The contribution of consumer spending was revised upward by 0.7 percent from the previous Commerce Department estimate, given last month. Business investment was revised upward by 0.2 percent. </snip> Read the rest here: washingtonpost.com