"The world’s largest economy surged in the third quarter, expanding at the fastest pace in more than a decade, as U.S. consumers and businesses spent more than previously estimated."
Q3 annualized GDP revised up to 5%. This is on track with my estimate that we will see 5.5-6.5% GDP growth next year:
Ok, now go onto to ZeroHedge or see what your Libertarian or Republican or favorite conspiracy theorists have to say to explain it all away and how there is actual doom and gloom ahead. Because Stevie-girl said so after all.
I'll offer a more simple explanation for anyone who has a mind of their own, though I'm losing hope there are any in this board:
We saw 5% GDP growth because we are in the fairly early early stages of a global economic boom.
Now go summon Stevie-girl back from vacation so she can spend a minute or two googling and cherry picking headlines to feed your confirmation biases that despite the hard numbers we are actually fucked.
LOL!
The solution could be very simple. The US has spent like a drunken sailor and accumulated record debt. If we elect fiscally responsible people to office the party will be over sooner rather than later. If we keep spending we will be fine a while longer but be worse off later.
Simple concept really....debt with no repayment plan is bad.