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Economy expanded at fastest pace in a year as summer waned

  1. Stacie L profile image87
    Stacie Lposted 4 years ago

    By msnbc.com staff and wires

    The economy's pace picked up in the third quarter, but it's still not fast enough to make a dent in unemployment.

    U.S. economic growth increased at its fastest in a year in the third quarter as consumers and businesses set aside fears about the recovery and stepped up spending, creating momentum that could carry into the final three months of the year.
    http://bottomline.msnbc.msn.com/_news/2 … mmer-waned
    does anyone see any signs of growth in their own town or state?. I see little signs of improvement in my area but since the real estate market is dead, it is still an indication of a poor economy

    1. Quilligrapher profile image87
      Quilligrapherposted 4 years ago in reply to this

      Job creation and real estate values are among the few issues still plaguing the economy. Overall, the US economy is better off than most of the other industrialized nations. The Dow Jones Industrial Average was 9,311 on 10/14/2008 and closed at 11,808 on 10/21/2011.  This tells me investors’ equity and big business overall has appreciated 26.8% during the last three years. Most significant, however, the economy has turned around for everyone except working class Americans who are still struggling with stagnant or no wages.

  2. davenmidtown profile image87
    davenmidtownposted 4 years ago

    A better question to ask is what part of the economy has improved.  If it is American companies doing business in foreign lands, then we will not see an improvement in jobs within the continental United States.  We are also looking at iconic "need" spending such as back to school clothes, etc.  What are people buying?  Where are they shopping?  these are all questions that will impact your forum post.

  3. MikeNV profile image75
    MikeNVposted 4 years ago

    Just a load of crap.  Paper lies.

    The Treasury said Monday they will borrow:

    $305 Billion Q4  2011
    $541 Billion Q1  2012

    Now knowing this do you think there has been a REAL recovery?  No!  Why would they need to borrow so much if things were looking up?