In The Things Are Getting Better Department

Despite all the naysayers earlier in the year, the US economy has defied many and grown since the winter related 1st quarter slow down at an accelerated pace.  See this from Bloomberg.com:

"The economy in the U.S. expanded more than previously forecast in the third quarter, reflecting bigger gains in consumer spending and business investment and capping the strongest six months of growth in a decade. 

Gross domestic product, the value of all goods and services produced, rose at a 3.9 percent annualized rate, up from an initial estimate of 3.5 percent, Commerce Department figures showed today in Washington. The median forecast of 81 economists surveyed by Bloomberg called for a 3.3 percent gain. After the 4.6 percent increase in the second quarter, it marked the biggest back-to-back advance since late 2003."

That kind of growth rate if sustained means that 2015 estimates have the potential of being revised higher.  It also brings up the more likely possibility of mid-year interest rate increases.

Just a reminder the next post here after "Turkey Day" will be next Tuesday.

Link:  Bloomberg.com: Economy in U.S. Expands 3.9%, More Than Previously Forecast.