Futures boosted by U.S. GDP jump

[mumon]

http://cbs.marketwatch.com/news/story.asp?guid=%7B34A404CE%2DEED2%2D425D%2D9B54%2DD3BBD9E37F77%7D&siteid=mktw

LONDON (CBS.MW) - U.S. stock futures moved higher in speculative pre-open trading on Thursday after stronger-than-expected third quarter growth in the U.S.




The government said the U.s. economy grew at a 7.2 percent clip in the third quarter. Economists had been expecting the American economy grew at a 6 percent annual rate in the quarter, or up 3.3 percent on the second quarter.

Is this more Bush hype folks? You bet your ass it is!

The Dow component attributed the year-over-year earnings increase to higher average crude and natural gas prices, and significant improvement in downstream capital spending that has it allowed it to grow consistently with its long-term investment plans.

http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?guid=%7B87EE5863%2D2D4B%2D4698%2DBBA4%2D996D7C9FF451%7D&siteid=mktw

.S. GDP surges 7.2%, fastest in 19 years By Rex Nutting
WASHINGTON (CBS.MW) - Powered by tax cuts and low interest rates, the U.S. economy expanded at a 7.2 percent annual rate in the third quarter, the fastest growth in more than 19 years, the Commerce Department said Thursday...The only negative forces were inventory accumulation and investments in business structures.


Can you say "bubble?"

[loudnclear]

1. This is such transparent propaganda it's unbelieveable

Just ask the unemployed, the underemployed, and the working poor. You can't eat GDP and these are abstract numbers that mean little to working men and woman..just stock holders. Please notice that the big focus is "fueled by TAX CUTS." That tells you right there what is going on. Especially when the majority of the people who got that $300 or less used it to pay down debt and not purchase anything new. Just talk this GDP jump up to the war machine and ask people if they are better off now than they were right before the tax cuts. It's all about politics.