Real Estate Blog - Surprising Good News - The Economy Returns To Growth

Home : Blogs : Stewart Penn - Los Angeles Condo Specialist : The LA Connection Property Blog

Surprising Good News - The Economy Returns To Growth

Surprising Good News - The Economy Returns To Growth

Reuters - "The U.S. economy grew in the third quarter for the first time in more than a year as government helped lift consumer spending and home building."

The surprisingly good news that the economy grew at an annual rate of 3.5% between July and September is worth noting as it signals the end of the worst recession in 70 years according to the Commerce Department.

It's interesting to note that today - the day on which the Obama Administration can breath a sigh of relief as a result of their efforts to stimulate the economy - also marks the anniversary of the Stock Market Crash of 1929.

Posted by Stewart Penn - Los Angeles Condo Specialist on 10/29/2009 03:08 PM

Comments (3)

Economy in the ActiveRain Channel

economy, economics, politics, stock market, wall street

Originally posted at: LA Connection Property Blog: Surprising Good News - The Economy Returns To Growth

This post has been included in California Information Los Angeles County, CA Information West Hollywood, CA Information
Post is included in group: "Whacked"!!!
Post is included in group: Voice of Reason
Post is included in group: The Lounge at Active Rain
Post is included in group: LATE NIGHT - EARLY MORNING AT ACTIVERAIN
Post is included in group: LA Connection

3 Comments on Surprising Good News - The Economy Returns To Growth

OCT

That is Good News... Now we have to get the high end real estate market moving

Hi Stewart...Thank goodness you believe the reports. It's interesting that there are so many that refuse to be at all optimistic. Things may change but right now they are looking better than they did a year ago.

Kate

Jane - We need to get every end moving ...:)

Kathleen - I wonder what all those naysayers, who wished Obama would fail, will say now!

This blog does not allow anonymous comments