According to the Commerce Department:
Gross domestic product grew at a seasonally adjusted 3.3% annual rate during the second quarter, according to the Commerce Department, which originally put growth at a 1.9% pace. The revision, released Thursday, reflects new data showing that exports were even stronger than first estimated and that business inventories weren't depleted as much as thought earlier.
This is very good news. While it doesn't impact Maui real estate directly, this does disrupt the constant "sky is falling" rhetoric that comes out of the media and the national press. Anything that gets the general public to understand that for all the problem the economy faces, that the numbers say it is in reasonable shape is good news.
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Thanks for writing. Veronica
Thanks for Commenting!
Mahalo
Good news hardly ever make the news. It's unfortunate. Thanks for pointing out the positive.
Sandy
No problem, It is important to us to find the good news, and report on it.
Mahalo
Unfortunately good news doesn't sell newspapers or ratings
Well said! I'll do my part to get this information around.
The news media can't admit that the economy is not dying until after the election. That is if their guy wins.