Friday, December 20, 2013

Things Are Getting Better-GDP

From Bloomberg.com.  US GDP revised higher to 4.1%.  And from Business Insider.com:

"The key takeaway from this report is simply that the underlying momentum in U.S. economic activity has shifted up a gear in Q3," says Millan Mulraine, deputy head of U.S. research and strategy at TD Securities. "While much of the gain in overall activity was due to inventory accumulation (accounting for 1.7 percentage points), the strengthening in domestic consumption and investment activity points to a more constructive narrative on economic activity that previously thought."*

*Business Insider.com:  GDP Growth Surges to 4.1%.