GDP Up, Inflation Down
U.S. gross domestic product, a measure of all goods and services produced within U.S. borders, grew at a revised 4.3 percent annual rate in the July-to-September period, the fastest pace since the first three months of 2004, the Commerce Department said.
And inflation dropped during the period easing fears of continuing Fed rate hikes. So, productivity is up, inflation flat or lower and jobless claims slumped. Why the simmering worry on the home front? We believe we have figured it out. Be honest now and take this simple test:
Raise your hand if you voted for John Kerry.