Friday, July 29, 2005

Still Not Sold on the US Economy?

The United States GDP grew 3.4% during the second quarter of this year. This is the 13th quarter in a row that US GDP growth exceeded 3%. How far back do you have to go to find such a streak? Surely we saw such economic expansion during the Clinton years, right? Wrong.

The last time we experienced 13 consecutive quarters in excess of 3% growth was the first quarter of 1983 through the first quarter of 1986, during the Reagan years. The stock market might not show it, but there's no denying the strong performance of the US economy over the past 3 years.

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