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Report: 2K4 Economy forecast to be best since Reagan Years

CADsortaGUY

CADsortaGUY

Lifer
2004 Will Be the U.S.'S Best Year Economically in Last 20 Years, The Conference Board Reports in a Revised Forecast

<snip>
Revising its year-end economic forecast sharply upward, The Conference Board today projected that real GDP growth will hit 5.7% next year, making 2004 the best year economically in the last 20 years.
The forecast, by Conference Board Chief Economist Gail Fosler, expects worker productivity, which set a 20-year record in the third quarter, to rise at a healthy 3.6% next year. That would follow a gain of 4.3% this year.
</snip>

Time to glue the sun, moon, stars, and fluffy clouds back up where they belong.🙂

PS - DJIA closed over 10K for the first time in about 18 months.🙂

CkG
 
Geeze.. now I'll have to really check my take-out order at McDonald's now that all the folks who took those jobs away from the high schoolers move on to the high paying jobs that this economic boom will no doubt create and result in McDonald's being populated by the younger crowd again..
 
Hmmm...seems like the effect of Bush's tax cuts. I like the way that works and the way it feels in my pocket!!!
 
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