The U.S. economy rebounded sharply in the second quarter, expanding at its fastest pace in 2 ½ years, the government said Friday.

The nation's gross domestic product grew at a 4.6% seasonally adjusted annual rate in the April-June period – up from the 4.2% previously estimated, the Commerce Department said. Economists expected a revision to 4.6%.

The stronger growth estimate was largely due to brisker business investment. Such spending rose 9.7%, up from the 8.4% previously believed as companies built more factories and purchased more equipment.

Companies flush with cash are growing more confident about spending it after a two-year budget bill rates by Congress early this year temporarily resolved long-standing partisan battles and repeated threats of a government shutdown. Corporate profits are also healthy, rising 8.4% in the second quarter, the most since the third quarter of 2010. Profits fell 9.4% in the first quarter.

Also, exports surged 11.1%, vs. the previous 10.1% estimate.

It's about time!

Good signs when the European economy is having troubles.

Smartness Wrote:
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> Good signs when the European economy is having
> troubles.

The European economies haven't been investing in technology like the US has been. The US should a more stable ecomony with all the current financing regulations.

The EURO destabilized but will come back soon.

Those gun sales did it.

Never Run Out of Ammo

Guns Don't Kill People. People Kill People

Them or You

The two most important days in your life are the day your were born and and the day you find out why

This almost all due to free money from the Fed and an oil boom thanks to fracking. Tech had nothing to do with it. Companies had too much money since they can get it for free, so they're buying their own stock (inflating their value and creating a stock bubble) and investing in their own companies by replacing older equipment and upgrading existing infrastructure. Again, it's because the Fed is giving away money. The only growth in a real industry has been in oil/petroleum. All other growth has been in the service industries, most of that part time.

Being a typical greedy American, I've ridden this stock market to a nice little nest egg. But I'm not stupid enough to believe this isn't all smoke and mirrors. Sadly, some of you are that stupid.

yFjKe Wrote:
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> Being a typical greedy American, I've ridden this
> stock market to a nice little nest egg. But I'm
> not stupid enough to believe this isn't all smoke
> and mirrors. Sadly, some of you are that stupid.

Well apparently all the major economist think this isn't an over inflated market.

These aren't Bush years where there are no regulations and finance companies are allowed to lend shitloads of money and create inflated junk bonds. We're talking real value now.

We need more regulations on banking speculation and stock market tampering.