The economy grew 2.9% in the 3rd quarter

[Munchmasterman]

U.S. Economy Roars Back, Grew 2.9% in Third Quarter - WSJ

U.S. Economy Roars Back, Grew 2.9% in Third Quarter

Growth rate was the fastest recorded in two years after expanding an anemic 1.4% in the second quarter



<!--[if ! lte IE 8]--> ENLARGE <!--[endif]-->
Errol Barrett brazing a bicycle frame at the Worksman Cycles facility in New York in 2012. Photo: Scott Eells/Bloomberg News



By Eric Morath

• Eric Morath
  The Wall Street Journal
  CANCEL
• BiographyEric Morath
• @EricMorath
• Eric.Morath@wsj.com

Updated Oct. 28, 2016 10:21 a.m. ET 788 COMMENTS

WASHINGTON—U.S. economic growth accelerated last quarter, easing fears of a near-term slowdown but doing little to change the trajectory of a long but weak expansion.
Gross domestic product, a broad measure of goods and services produced across the economy, expanded at an inflation- and seasonally adjusted 2.9% annual rate in the third quarter, the Commerce Department said Friday. That was stronger growth than the second quarter’s pace of 1.4%. Economists surveyed by The Wall Street Journal expected growth at a 2.5% pace for the July-to-September period.
Last quarter’s growth rate was the fastest recorded in two years.

The third-quarter acceleration largely reflected increased exports and a buildup of inventories, while consumer spending increased at a slower rate.
The latest data “do not point towards a new growth path but rather a strong rebound following one year of soggy growth,” said Joseph Brusuelas, chief economist at consulting firm RSM US.
Friday’s data also gave voters their last comprehensive look at the economy’s health before the November election.
The improvement could give Democratic presidential nominee Hillary Clinton more latitude to position herself as the candidate to continue Obama administration policies that have led to a long expansion. Still, the most recent gain comes in the weakest expansion in recent memory, a point Republican candidate Donald Trump makes frequently.
Since the recession ended in mid-2009 the economy has grown at roughly a 2% annual rate, making the current expansion the weakest on records back to 1949

[DSK]

Of course, when they revise the statistics downward, it will be after the election.

[goodman0422]

http://www.forbes.com/sites/timworst.../#3ff5b5fb108c

Forbes says it "could be described as pretty mediocre growth after a recession of the depth that we’ve had."

"Roar is probably too strong for what we would more normally call a bit “meh” for the comeback from a deep recession."

[IIFFOFRDB]

Originally Posted by Munchmasterman

U.S. Economy Roars Back, Grew 2.9% in Third Quarter - WSJ

U.S. Economy Roars Back, Grew 2.9% in Third Quarter

Growth rate was the fastest recorded in two years after expanding an anemic 1.4% in the second quarter



<!--[if ! lte IE 8]--> ENLARGE <!--[endif]-->
Errol Barrett brazing a bicycle frame at the Worksman Cycles facility in New York in 2012. Photo: Scott Eells/Bloomberg News



By Eric Morath

• Eric Morath
  The Wall Street Journal
  CANCEL
• BiographyEric Morath
• @EricMorath
• Eric.Morath@wsj.com

Updated Oct. 28, 2016 10:21 a.m. ET 788 COMMENTS

WASHINGTON—U.S. economic growth accelerated last quarter, easing fears of a near-term slowdown but doing little to change the trajectory of a long but weak expansion.
Gross domestic product, a broad measure of goods and services produced across the economy, expanded at an inflation- and seasonally adjusted 2.9% annual rate in the third quarter, the Commerce Department said Friday. That was stronger growth than the second quarter’s pace of 1.4%. Economists surveyed by The Wall Street Journal expected growth at a 2.5% pace for the July-to-September period.
Last quarter’s growth rate was the fastest recorded in two years.

The third-quarter acceleration largely reflected increased exports and a buildup of inventories, while consumer spending increased at a slower rate.
The latest data “do not point towards a new growth path but rather a strong rebound following one year of soggy growth,” said Joseph Brusuelas, chief economist at consulting firm RSM US.
Friday’s data also gave voters their last comprehensive look at the economy’s health before the November election.
The improvement could give Democratic presidential nominee Hillary Clinton more latitude to position herself as the candidate to continue Obama administration policies that have led to a long expansion. Still, the most recent gain comes in the weakest expansion in recent memory, a point Republican candidate Donald Trump makes frequently.
Since the recession ended in mid-2009 the economy has grown at roughly a 2% annual rate, making the current expansion the weakest on records back to 1949

0zombie gaslighting/astroturfing specialist spewing...


Soros gave Manassmuncher a pat on his little head...

















.

[Yssup Rider]

Wahhhh wahhhh wAaahhhhh

Can't help hating the good news, can ya, JL?

[CuteOldGuy]

Still, the only President to fail to reach a 3% growth rate while in office. Pretty pathetic.

[The_Waco_Kid]

Originally Posted by Munchmasterman

U.S. Economy Roars Back, Grew 2.9% in Third Quarter - WSJ

U.S. Economy Roars Back, Grew 2.9% in Third Quarter

Growth rate was the fastest recorded in two years after expanding an anemic 1.4% in the second quarter



<!--[if ! lte IE 8]--> ENLARGE <!--[endif]-->
Errol Barrett brazing a bicycle frame at the Worksman Cycles facility in New York in 2012. Photo: Scott Eells/Bloomberg News



By Eric Morath

• Eric Morath
  The Wall Street Journal
  CANCEL
• BiographyEric Morath
• @EricMorath
• Eric.Morath@wsj.com

Updated Oct. 28, 2016 10:21 a.m. ET 788 COMMENTS

WASHINGTON—U.S. economic growth accelerated last quarter, easing fears of a near-term slowdown but doing little to change the trajectory of a long but weak expansion.
Gross domestic product, a broad measure of goods and services produced across the economy, expanded at an inflation- and seasonally adjusted 2.9% annual rate in the third quarter, the Commerce Department said Friday. That was stronger growth than the second quarter’s pace of 1.4%. Economists surveyed by The Wall Street Journal expected growth at a 2.5% pace for the July-to-September period.
Last quarter’s growth rate was the fastest recorded in two years.

The third-quarter acceleration largely reflected increased exports and a buildup of inventories, while consumer spending increased at a slower rate.
The latest data “do not point towards a new growth path but rather a strong rebound following one year of soggy growth,” said Joseph Brusuelas, chief economist at consulting firm RSM US.
Friday’s data also gave voters their last comprehensive look at the economy’s health before the November election.
The improvement could give Democratic presidential nominee Hillary Clinton more latitude to position herself as the candidate to continue Obama administration policies that have led to a long expansion. Still, the most recent gain comes in the weakest expansion in recent memory, a point Republican candidate Donald Trump makes frequently.
Since the recession ended in mid-2009 the economy has grown at roughly a 2% annual rate, making the current expansion the weakest on records back to 1949

Originally Posted by Yssup Rider

Wahhhh wahhhh wAaahhhhh

Can't help hating the good news, can ya, JL?

ahahahaha. only an ignert shiturd like you would claim <3% growth over 1 quarter after 7 YEARS of < 2% growth/year an accomplishment.

IDIOT

you do know that Obammy has presided over the worst two term economic growth in the history of the modern presidency .. yeah??? just akin' man !! BAHHHHAAHGHAGHHASAGHaa

SNICK
ENJOY!!!!!!




who fucking cares if Reaganomics was "Voodoo economics"? it ushered is prosperity. who cares the price later?? the growth was more than worth it, and a damn sight better than anything Obama influenced the economy to grow to.


yayahahadyyaahdadadhahhaaaaaa here is your DADDY! BOW DOWN.


here is the next ruler of the American Hegemony

[JD Barleycorn]

Since the determination is made by the executive branch you to wonder about the timing and accuracy. Of course in two weeks they'll drop it to a "real" number.

[Munchmasterman]

You mean Forbes said, "This could be described as “roaring back” as some have put it, could be described as pretty mediocre growth after a recession of the depth that we’ve had."

Originally Posted by goodman0422

http://www.forbes.com/sites/timworst.../#3ff5b5fb108c

Forbes says it "could be described as pretty mediocre growth after a recession of the depth that we’ve had."

"Roar is probably too strong for what we would more normally call a bit “meh” for the comeback from a deep recession."

[The_Waco_Kid]

Originally Posted by Munchmasterman

You mean Forbes said, "This could be described as “roaring back” as some have put it, could be described as pretty mediocre growth after a recession of the depth that we’ve had."

and after 7 years u still believe that .... BAhSAHAHSHHHH

clown

evil clown

bundy clown




baahhhahaaaaa

[goodman0422]

Originally Posted by Munchmasterman

You mean Forbes said, "This could be described as “roaring back” as some have put it, could be described as pretty mediocre growth after a recession of the depth that we’ve had."

Yes, they were referring to the WSJ article. This could be referred to as "roaring back" as some (the WSJ) put it but that is a bit of an exaggeration.

Typical of a liberal to take one part and attempt to use it out of context but if you read the article it explains that "roaring back" is not exactly accurate.

Nice try though.

[LexusLover]

Merry Christmans.

[gnadfly]

Just wait until the December Fed meeting when Janet gets the go ahead to raise rates.

[canuckeight]

Originally Posted by gnadfly

Just wait until the December Fed meeting when Janet gets the go ahead to raise rates.

Attachment 583195

[TheDaliLama]

Originally Posted by CuteOldGuy

Still, the only President to fail to reach a 3% growth rate while in office. Pretty pathetic.

Happy days are here again!