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Economy grows in 3Q, signals end of recession
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10-29-2009, 09:26 AM
(This post was last modified: 10-29-2009 09:26 AM by RedOctober.)
Post: #1
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Many news sites are calling the end of the "severe recession" (in a decade or two they will call it a mild depression which what it really was). Now lets hope its not a "W" shaped economic contraction (like the Great Depression was). That being, the economy pulls into recovery, but its not sustainable and drops right back into another economic contraction.
http://news.yahoo.com/s/ap/20091029/ap_o...us_economy Quote:WASHINGTON – The economy grew at a 3.5 percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes. It's the strongest signal yet that the economy has entered a new, though fragile, phase of recovery and that the worst recession since the 1930s has ended. When faith is chained to doctrine, truth becomes heresy and God is forgotten. |
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