Rapid US economic growth persists

21 12 2005

See, yet another vote in the B2C camp - no question, it’s longer to rev, but on the whole, am firmly convinced that Consumers, as a class, are _much_ more valuable than Businesses, especially during downturns, where Businesses keep trying to preserve cash they obtain from consumers, who often continue to spend even during downturns, rather than continuing their role in the velocity of money, thereby strongly contributing to downward economic spirals.

The Department of Commerce said that gross domestic product (GDP) increased by an annual rate of 4.1% in the three months to the end of September….Consumer spending, which accounts for nigh on two-thirds of economic activity, increased by more than 4% during the third quarter, up from 3.4% in the previous three month period….

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