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Frank,
The Nasdaq is up over 70% from 12 months ago...and the Dow is up 30%. That's great if you got in the market in October 2002. Of course, when a stock falls 50%, then it has to go up 100% just to be even. "Capt. Frank Hopkins" wrote in message link.net... I just wish my stock prices would recover. I took a hit when the tech stocks crashed. Perhaps if we dumped NAFTA, the economy would take a big jump in manufacturing! Capt. Frank NOYB wrote: Economy Grows at Fastest Pace Since 1984 By JEANNINE AVERSA, Associated Press Writer WASHINGTON - The economy grew at a blistering 7.2 percent annual rate in the third quarter in the strongest pace in nearly two decades. Consumers spent with abandon and businesses ramped up investment, compelling new evidence of an economic resurgence. The increase in gross domestic product, the broadest measure of the economy's performance, in the July-September quarter was more than double the 3.3 percent rate registered in the second quarter, the Commerce Department reported Thursday. The 7.2 percent pace marked the best showing since the first quarter of 1984. It exceeded analysts' forecasts for a 6 percent growth rate for third-quarter GDP, which measures the value of all goods and services produced within the United States. "This is a gangbuster number. Everything came together for the economy in the third quarter," said Mark Zandi, chief economist at Economy.com. -------------------------------------------------------------------------- -- ------------ I guess we can take "bagging on the economy" off the '04 Democratic election strategy... |
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Economy Rebounds - Productivity Soars, Jobless Claims Drop | General |