So here are the facts:
3Q GDP = 3.9%
2Q = 3.8%
Jobs report:
October: 166,000 gain
September: 96,000 gain
August: 93,000 gain
Other signs:
Booming tech sector with better than expected earnings for most companies.
Stable inflation (despite what I think were two unnecessary interest rate cuts by the Fed)
There are a lot more positive data as well. You tell me, are we in a recession? Are we headed that way? NO!
Even with the mortgage and credit "crises" the economy is dynamic. Let's be honest, a little correction was needed in those markets anyway, but that hasn't significantly slowed the US or global economies.
Now, if only I could find a job before I graduate.... :)
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