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Us Economy See Stronger Growth 3.4%

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Economy Growth Is Best in a Year
Friday July 27, 9:14 am ET
By Jeannine Aversa, AP Economics Writer
Economy Springs Out of Rut and Grows at 3.4 Percent Pace, Best Showing in More Than a Year
WASHINGTON (AP) -- The economy snapped out of a lethargic spell and grew at a 3.4 percent pace in the second quarter, the strongest showing in more than a year. A revival in business spending was a main force behind the energized performance.

SM crashes cancelled. All can go home.

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Call me cynical but isnt this data all just a little bit too convenient ? Whats the betting the figures get quietly revised down in a week or two ?

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dow still gone 50 south - mystery to me - black friday lives on

Probably because those who determine the price (traders) are waking up to the fact that they may not get much of a bonus this year as banking profits might be a little low; especially if the whole M&A train comes off the rails, which looks like it is starting to. Most companies finances are still healthy and industrial utilisation is relatively high, so unless the doomsayers are actually proved right equity (in the established markets) should ride out the worst of the credit crunch.

So much for city bonuses supporting high house prices in the SE. Not expecting too many headlines like that in 6 months time!

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