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1.Market Observations, 8.Was Sticky

1 Dec 2016 (AFR) – US economy heats up pre-Donald Trump takeover – grows 3.2pc in third quarter

(1 December 2016, AFR, p11, by John Kehoe)

‘The US economy grew at its fastest pace in two years in the September quarter, the latest sign that President-elect Donald Trump will inherit a relatively healthy economy from President Barack Obama. US annual gross domestic product growth was upgraded to 3.2 per cent and consumer confidence hit a nine-year high, according to a separate survey. Home prices finally climbed back above their 2006 peak, after crashing during the financial crisis. Corporate profits jumped…’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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