The strength of the United States rests with its economy. When good the nation prospers and wealth for all grows. When bad everyone suffers, especially the poor and middle class.
In case you haven’t noticed, the U.S. economy hasn’t been very good since 2007. But there is growing reason for optimism. There is also reason for worry.
The BEA recently upgraded GDP for the 3rd quarter to a healthy 4.1%. That is on top of GDP growth of 2.5% in the 2nd quarter of 2013.
On Christmas Eve the Wall Street Journal reported that orders for durable goods were up by 3.5% and that new-home sales hit a (reasonable) seasonally adjusted annual rate of 464,000 last month. The WSJ also reports that Macroeconomics Advisor adjusted its forecast for 4th quarter GDP growth upwards to 2.6%.
Equity market growth has been up in the stratosphere all year. Wall Street…
View original post 552 more words