2004 Will Be USA's Best Year Economically in Last 20 Years!

yahooooooo ^

[ConservativeMan55]

2004 Will Be the U.S.'S Best Year Economically in Last 20 Years, The Conference Board Reports in a Revised Forecast Thursday December 11, 11:01 am ET

NEW YORK, Dec. 11 /PRNewswire/ -- 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.

The economic forecast is prepared for more than 2,500 corporate members of The Conference Board's global business network, based in 66 nations.

KEY BAROMETERS FLASHING GROWTH

"Growing business spending and continued strength in consumer spending are generating growth throughout the U.S. economy," says Fosler. "This burgeoning strength is reflected in The Conference Board's widely-watched Leading Economic Indicators, the Consumer Confidence Index and the Help-Wanted Advertising Index. While the labor market, a critical factor in sustaining growth, is growing slowly, a pick-up in hiring may already have begun."

Real consumer spending, which continues to fuel growth, will increase at a 4.7% pace next year, up from about 3.2% this year. Another gain of 4.3% is projected for 2005.

While the U.S. economy is expected to generate more than one million new jobs next year, the unemployment rate will edge down only slightly, averaging 5.6% in 2004.

The Conference Board forecast notes that as the U.S. economy bounces back, so is Europe, although growth will be subdued compared to most other major parts of the world. "For all the concern about a weak dollar," says Fosler, "the dollar will be worth more than the euro by the end of the year."

Real capital spending, which will rise by only 2.7% this year, will climb 11.7% next year and another 8.6% in 2005. Pre-tax corporate operating profits will top $1 trillion next year, up from a projected $928 billion this year. Another trillion-dollar-plus gain in profits is expected in 2005.

The continued recovery in business profits, which was a key ingredient in funding new investment (crucial in making 2004 a strong growth year), depends on price relief. Business profits will benefit from both improved volume and recovering profit margins in 2004, as inflation creeps back toward 3% by the end of the year.

Source: Revised Conference Board Economic Forecast December 2003

[anniegetyourgun]

LOL!

[rocky88]

The real question is will this be reported by the mainstream media... or just Fox and Drudge???

[anniegetyourgun]

Dean who?

[ConservativeMan55]

Bwahahaha! LOL!

[The South Texan]

"He may not win a single town!"

No, he will win some coummunist enclaves in Calfiornia, New Yawk, and Massachuetts. They will vote for Stalin or Castro before the even give a Republican the time of day.

[ConservativeMan55]

Fox, Drudge, and Rush will report this.

They are the only ones.

[oceanview]

the last jobs reports was not good at all, there is no denying that.

[bensdaddy]

Is it just me or does John F'n Kerry look alot like Lurch from the Adams Family?

[RetiredArmy]

Oh, My G-d!!! Lock the windows, the dems are gonna jump!!!

[AHerald]

Meanwhile, Willie Green races to respond with posts detailing the latest brutal layoffs from companies that make rotary phones, manual typewriters, and black and white televisions.

Just funnin' with ya, Mr. Go Pat Go!!!

[ConservativeMan55]

Hmmmm. But maybe....just maybe we can finally get them to move out!

We've got the communists by the throat! I know it!

[tracer]

No doubt the Dembos will blame it all on Bush.....

[anniegetyourgun]

Well, except for this buried on page E3....

[Willie Green]

What's the source, some yahoo?

The dateline attributes the story to "PRNewswire", so you can view it the same as any other marketing scam.

[zencat]

I love it. I mean, I just LOVE it! A headline such as this must be like be like holy water on a vampire to the the Democrats.

[ConservativeMan55]

The other papers won't even bury it, they just won't run it at all.

[Allegra]

That loud "whooshing" sound you just heard was that of a bunch of Democrats going into orbit.

[The KG9 Kid]

Gold futures slide for a fourth straight session, too.

[ConservativeMan55]

Hehehehe!

You are correct sir!

What is bad for the Democrats is good for the country!

[anniegetyourgun]

No matter. They are all being buried by the supply side of W's cowboy boot!