Actual was higher than the initial estimate
From Huff Post | Politics | 12.20.2013
From Forbes
From WSJ on line news | December 20 2013
From Reuters.
US economy grew at 4.1% and consumer spending is stronger than expected and business spending was up 4.8% better than expected. It is the fastest rate since 2011. Equipment spending of business was 0.2 and is better than flat spending before. Consumer spending grew at 1.2%. Is the Fed stimulus working at last?
Are the US prophets of doom wrong?
I would like to think that US business is strong, but US politics and bureacracy sucks. The latter affects business performance.
But this strong performance should boost the image of the current leadership of USA and maybe lift US out of its financial difficulties.
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