Politics
Out of context: Reply #9387
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- ukit0
Well, the U.S. economy is growing again so it can't be all bad can it?
http://bloomberg.com/apps/news?p…
Oct. 29 (Bloomberg) -- U.S. stocks rallied, sending benchmark indexes to their biggest advance since July, after the economy returned to growth following the worst contraction in seven decades. Treasuries dropped and the dollar and yen weakened, while commodities surged.
Caterpillar Inc., Alcoa Inc. and American Express Co. jumped at least 5.1 percent after the Commerce Department said gross domestic product grew at a 3.5 percent pace from July through September after shrinking for four straight quarters. Motorola Inc., Procter & Gamble Co., Newmont Mining Corp. and Kellogg Co. climbed on better-than-estimated earnings.
“The fourth quarter will be the Waterloo of the bears,” said E. William Stone, who oversees $102 billion as chief investment strategist at PNC Wealth Management in Philadelphia. “We are in economic recovery both in the U.S. and globally, so you will eventually see revenue growth because you are seeing the recovery hold.”
- recovery is natural progress, its not a barometer. its likely progress would have been quicker with less debt********
- not to mention the growth is from temporary jobs from stimulus dollars but not much growth in private sector********
- recovery is natural progress, its not a barometer. its likely progress would have been quicker with less debt