Economy grew 3.5 percent in third quarter

This means nothing until the jobs start coming.... and the jobs aren't coming. Wall Street and Washington are happy while the under and unemployed continue to feel the squeeze. The numbers don't matter they are just products of the initiatives passed and are extremely inflated. We aren't out of this shit yet.

well by definition we are no longer in a recession now!! sweeeeet

Oil rose over $75. Gold closed the day at $1,064, after a big move to the upside over the last few days. And the dollar fell – to just $1.49 per euro.

The reason for yesterday's big move is announced on the front page of almost every financial rag this morning:

"JPMorgan profits lift the Dow."

JPMorgan, the Wall Street firm that was bailed out by the feds a year ago, reported income of $3.6 billion in the 3rd quarter. With that kind of profit in the financial sector, it won't be long before the whole economy is running red hot, right?

That's what the papers seem to think. The International Herald Tribune says the bank's profits are just another sign that a major recovery is underway. Investors seem to believe it, too. "Earnings optimism," is behind the buying, says a broker.

But is it true? Is the real economy growing, expanding, and making money? Let's look: http://www.marketoracle.co.uk/Article14299.html

Laying off employees is a knee jerk reaction to an economic downturn. With the economy showing signs of recovery, employers should be more willing to hire new employees. Full recovery is not going to happen overnight, but it’s encouraging that the worst seems to be over.

this shows the economic indicators are irrelevant to peoples real conditions. 10-15% of the population are unemployed! This isn't their fault! People want to live good life and not be in the rut, they don't want stress like these times have put on our shoulders. The worker poor have been taken advantage of over and over again by political and economic elites in numerous industries and sectors of our gov. They the working poor and the middle class continue to struggle day in and day out. These indicators are not reflecting these harsh times. We need to re-organize our economic structures, our political structures, we need a better way to run our democratic-republic society. Progressive movements is where it at! a strong non profit sector with the public lead we can change our country. Both gov and bus have failed us. We need new organizations. Its up to us. We have to get involved, informed and shape our future we have no choice but to share it together. Maybe a parliamentary? More parties? Shorter politcal elections, public financing, strong freedom and independence of the press(non profit again??) and more domestic spending and less focus on foriegn military policy.

Nothing creative to say, so bash Fox news huh? So original /s. This whole thing is created by massive government spending (supported by debt) and artificially low rates. (See Bill Gross http://seekingalpha.com/article/169404-bill-gross-six-month-rally-is-at-its-pinn... ) To keep this system, the government is going to have to keep a risky system in place that could collapse at anytime, and unfortunately, to get back to true fiscal health, a collapse is going to have to eventually occur in some form. Unfortunately, IMHO, we will see the real health of the economy after the Christmas shopping season results come in.

If we had done what Germany, Holland and France did, we would be having much more growth and less unemployment. Even though Germany's fall was greater than ours they supported jobs and they are already back on track. England nationalized the banks. We just gave everything to the parasites who caused our problem

Cash for clunkers and tax credits for home buyers, no real growth, just government subsidized growth, subsidized with our tax dollars.

Oh my gawd laff-out-loud hilarious!
An economy "growing" 3.5 percent of the paltrey size it is now is just insulting.
And just how large was the decline the 0bama/Biden/democrats team caused to make 3.5 percent such an event?

The DOW bottomed-out at 6488 in early March. Now, it's above 10,000. It was a historically high quarter for the DOW, too.

Let's see Fox News spin this one.