business news in context, analysis with attitude

  • The US Department of Commerce reported that the economy grew at a 4 percent annual rate in the third quarter, almost a point faster than originally reported. However, expectations are that the fourth quarter could see a slower 1.5 percent rate of growth.

  • The Conference Board said that its monthly consumer confidence survey showed an index of 84.1, up from last month’s 79.5 figure. The Conference Board said that the increase seemed to be more connected to expectations than any real evaluation of the current state of the economy.

KC's View:
Is it just us, or does everyone roll their eyes whenever there are economic indicators that seem positive in nature?