02 Feb 2007 The Goldilocks Economy is Alive and Well
Posted at 15:24h in The Friday BriefThe strength of the U.S. economy continues to confound skeptics as well as optimists. The government released it’s first of three estimates on the overall growth of the economy on Wednesday. Even in the face of slumping housing gross domestic product climbed at a seasonally adjusted 3.5% annual rate in the fourth quarter, up from 2% in the third quarter. And even more noteworthy, it grew without inflation. The price index for personal-consumption expenditures posted its biggest drop in 52 years falling .8%.