All of the doom and gloomers are crapping in their bloomers now, after Q3 GDP stats showed a robust consumer and a booming US economy. No wonder why the Fed is hell bent on tightening.
Get this: in the third quarter of 2015, the U.S. economy grew at an amazing 2% clip.
Consumer spending came in hot, flat, at 3% and home construction powered ahead at an 8.2% clip. While exports were soft due to a strong dollar, imports grew at a 2.3% clip, as gluttonous fiends sopped up all of the cheap foreign wares they could get their disfigured hands on.
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I can’t tell whether you’re being sarcastic or not…
Very