The most recent report out of the U.S. Commerce Department provides the market with a much needed morale boost, stating that our economy experienced its fastest growth - 3.9% - in 1.5 years during the July-September quarter.

Speaking about our country's economy, Ed Lazear, the chairman of Bush's Council of Economic Advisers commented "This is an extremely resilient economy," he said. "It is really quite remarkable."

Although the credit crunch is obviously a major concern, the article below provides more than a glimmer of hope that maybe things aren't so bad after all. At least not quite yet.

http://biz.yahoo.com/ap/071031/economy.html?.v=25

Labels: Economy, U.S. Commerce Department