Reason for good cheer. The Wall Street Journal reports that:
The U.S. economy posted its strongest growth in more than a decade during the third quarter, supported by robust consumer spending and business investment. Gross domestic product grew at a seasonally adjusted annual rate of 5.0% in the third quarter, the Commerce Department said Tuesday. That was up from the second quarter’s growth rate of 4.6% and the strongest pace since the third quarter of 2003.
Lower oil prices surely had something to do with this and there is now speculation that the price may keep falling, all the way down to $20 a barrel.
Could this be the start of something big?
