It seems the economy is doing much better than some analysts thought it would be.
The US economy expanded at a solid 4.0 percent pace in the second quarter, revised data showed Thursday, highlighting strong momentum ahead of the turbulence from housing and credit woes of recent weeks.
The Commerce Department marked up its estimate of gross domestic product (GDP) from last month of 3.4 percent growth, based on new data showing stronger US exports and business investment.
I am beginning to compare financial analysts iwith weather reporters. They have nothing to report, but they get all hyped up when things look bad, then we never hear from them when it’s all clear. What’s up with that?
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