Thursday, January 30, 2014

Hey we Grew 3.2% in the 4th Quarter. The US is looking up!

Despite all the gloom and doom it looks like the recovery is moving apace.

Strong household spending and robust exports kept the U.S. economy on solid ground in the fourth quarter, but stagnant wages could chip away some of the momentum in early 2014.

Gross domestic product grew at a 3.2 percent annual rate in the final three months of last year, the Commerce Department said on Thursday, in line with economists' expectations.

Wait until we start exporting natural gas and oil to China and hopefully building new power plants and manufacturing. I think salad days are ahead for the US economy.

No comments: