US Economy Sees Surprise Growth

I heard today that the Feds dropped the interest rate a quarter of a percent in hopes of stopping the foreclosures of homes. People will be able to get home loans for less and hopefully, more of them will go out and get home loans. The economy grew, however, at its fastest rate in 1 1/2 years this summer. The US economy grew at an annualized rate of 3.9% between July and September in spite of the housing market downturn and the global credit squeeze. This is good news.