November 29, 2007
GRIM ECONOMIC NEWS:
The U.S. economy expanded at the fastest pace in four years during the third quarter, growing at a real annual rate of 4.9%, the Commerce Department said Thursday in making its second estimate of growth for the three-month period. . . . Real GDP has increased 2.8% in the past year, close to the economy’s long-run potential.
UPDATE: More here: “I donâ€™t expect this revision to break out of the business pages.”