Wow, U.S. economy revved up......wake up media, this is good news!!!

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Wow! The U.S. economy suddenly looks a lot perkier in the third quarter, according to revised data released by the government on Friday.

Gross domestic product -- the broadest measure of economic activity -- grew at a 4.1% annual pace in the third quarter, up from the 2.8% pace that was first reported in November.

It was the fastest quarter for economic growth in two years, according to the Bureau of Economic Analysis.

The government typically reports its GDP figures at least three times, and Friday's report is the final number for the third quarter.

"With each of the revisions, we've been getting better data and it's showing there's some better traction with the consumer than we had initially expected," said Wells Fargo senior economist Sam Bullard. "There is more momentum in the economy than we originally thought."

http://money.cnn.com/2013/12/20/news/economy/gdp-report/index.html?iid=SF_E_Lead

[a kennedy]

1. I know, was very happy indeed.....

[CountAllVotes]

2. Good

Being they have so much money floating around I think they can raise the rates NOW and quit mollycoddling the Wall Street casino for a change.

[sendero]

3. I think..

... with all these great numbers the Fed can start the taper.

I'm pretty sure they are going to but then the markets are up today so Wall Street must not think so.

[CountAllVotes]

4. My bank raised their rates

You can now buy .... *drum roll* a 5-year CD that is paying 3.04% w/a one year penalty for early withdrawal.

This economy is not doing people that are in a fixed-income status no good at all.

[sendero]

9. Yes..

... I've been getting ripped off for years now. I'm used to it. They can lower rates to ZERO, I will never put another dime in the stock market. I took my fleecing and I'm not taking another one

I'm betting that rates are going to rise modestly in the coming year. I wouldn't be getting into any 5 year anything either

[Dawgs]

5. Obama not getting credit

http://www.bloomberg.com/news/2013-12-11/obama-gets-little-credit-from-most-in-poll-for-economy.html

[seveneyes]

6. Jobs are still badly needed

I have never seen so many people without jobs. Maybe the economy is truly improving, but an idle population spells trouble.

[Brigid]

7. "Jobless recovery."

An oxymoron if ever there was one.

[SoCalDem]

8. Wall street ...yay... main street? not so much

News for home sales drop

US Existing-Home Sales Drop for 3rd Straight Month

The number of people who bought existing U.S. homes in November declined for the third straight month. Higher mortgage rates have made ...

Home sales post first annual drop in 29 months - USA Today
www.usatoday.com/story/money/business/2013/...home-sales.../4115407/

1 day ago - November existing home sales fall 4.3% from October.
Existing home sales drop 4.3 percent in November - CNBC.com
www.cnbc.com/id/101198658‎

1 day ago - US home resales fell sharply in November to their lowest level in nearly a year, hurt by a rise in interest rates and ongoing price increases that ...
Previously Owned Home Sales in U.S. Drop for Third Month ...
www.bloomberg.com/.../sales-of-previously-owned-homes-in-u-s-drop-f...‎

1 day ago - Previously owned U.S. home sales declined for the third consecutive month in November to the lowest level of the year as rising mortgage rates ...

Existing-home sales post first annual decline in more than 2 years ...
www.inman.com/.../existing-home-sales-drop-for-3rd-straight-...‎
by Teke Wiggin - in 54 Google+ circles
1 day ago - Higher mortgage rates, constrained inventories and tight credit slowed the pace of existing-home sales for the third month in a row in November ...

Miami-Dade, Broward existing home sales drop, prices rise ...
www.miamiherald.com › Business‎
1 day ago - South Florida home and condo sales slowed in November, signaling a shift in the market.

Existing Home Sales Drop to Lowest Level Since 2012 | Fox Business
www.foxbusiness.com/.../exiting-home-sales-drop-to-lowest-level-since-...‎
1 day ago - Home resales fell sharply in November to their lowest level in nearly a year, hurt by a rise in interest rates since the spring and ongoing price ...

Home sales drop, but not prices « Bankrate, Inc.
www.bankrate.com › Finance Blogs › Mortgages‎
by Polyana da Costa - in 118 Google+ circles
20 hours ago - Home sales have declined for the third month in a row, a sign that the once-frenzied housing market is cooling.

US existing-home sales drop for 3rd straight month | The Salt Lake ...
www.sltrib.com/sltrib/money/.../sales-existing-million-association.html.cs...‎
1 day ago - Washington • The number of people who bought existing U.S. homes in November declined for the third straight month. Higher mortgage rates ...

ABQ, US existing-home sales drop again | ABQJournal Online
www.abqjournal.com/.../us-existing-home-sales-drop-for-3rd-straight-mont...
19 hours ago - In the Albuquerque metro area, existing home sales fell ... closed sales in November compared with 723 sales in October, a 22 percent drop, ...

[Egalitarian Thug]

11. Those No Billionaire Left Behind policies are working like a charm.

All is well, we will now return to our regularly scheduled program.