Strong Economy

Despite the housing market and plummeting US dollar on the global market, our economy is at it strongest point in four years.

The nation's economy had its best gains in four years this summer and early fall, according to the government's latest reading released Thursday, as the problems in the credit and housing markets during the period couldn't derail growth elsewhere.

The gross domestic product, the broad measure of the nation's economic activity, grew at an annual rate of 4.9 percent in the three months ending Sept. 30. That's up from the 3.9 percent growth rate in the government's initial estimate for the period released a month earlier, as the revision matched the consensus forecast of economists surveyed by Briefing.com.

The growth was the best rate since the same period of 2003, and is the second best performance since early 2000, at the tail end of the 1990's technology boom.

http://money.cnn.com/2007/11/29/news/economy/gdp/index.htm?postversion=2007112908