US Economy grows 3.3% in Q2

[theyshootPDsdontthey]

http://biz.yahoo.com/ap/080828/economy.html

Looks like the hope for recession by some posters didn't happen.

Given the dismal housing stats, credit crunch and the fact that Oil prices were at their highest with the $$ been at its weakest then its an outstanding performance.

Nobody believes these figures.
http://ftalphaville.ft.com/

From FT Alphaville http://ftalphaville.ft.com/blog/2008/08 ... -since-78/
US 2Q GDP growth at 3.3 per cent? Laughable'
Most economists were expecting the number to come in somewhere around 1.9 per cent. When the data was released yesterday from the Bureau of Economic Analysis, everyone was suddenly scrambling for explanations.

See here
http://www.nakedcapitalism.com/2008/08/ ... cline.html

[FutureTaoiseach]

There goes President Obama. :P

[Oppenheimer]

http://biz.yahoo.com/ap/080828/economy.html

Looks like the hope for recession by some posters didn't happen.

Given the dismal housing stats, credit crunch and the fact that Oil prices were at their highest with the $$ been at its weakest then its an outstanding performance.

Nobody believes these figures.
http://ftalphaville.ft.com/

From FT Alphaville http://ftalphaville.ft.com/blog/2008/08 ... -since-78/
US 2Q GDP growth at 3.3 per cent? Laughable'
Most economists were expecting the number to come in somewhere around 1.9 per cent. When the data was released yesterday from the Bureau of Economic Analysis, everyone was suddenly scrambling for explanations.

See here
http://www.nakedcapitalism.com/2008/08/ ... cline.html

And the last nail in this thread's coffin.....(from your last link)

The 1.9 percentage-point difference between the GDI and GDP over the last 12 months is the biggest in the post World War II era.....