jump to navigation

US Economy is growing but October 30, 2009

Posted by hslu in Economics.
Tags:
trackback

US Economy is growing but

 

The U.S. economy grew 3.5% in the third quarter of this year.

 

It was a great news but how much of that 3.5% were from the cash-for-clunker program and the $8,000 tax incentives to first time home buyers?

 

I am not sure people felt like it though because there were still 521,000 new jobless claims filed last week.

 

I guess the federal government has to borrow more money to keep the economy afloat because fewer people are buying these days.

 

I wonder what the fourth quarter will be like. Many economists predicted a 3 increase. We’ll see about that. Are you buying more gifts this year?Are you buying more expensive gifts this year?

Comments»

No comments yet — be the first.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: