Bustem' Down
Give Peas a Chance
CNNGmoney said:Gross domestic product grew at only a 1.6% rate in third quarter, down from 2.6% in the second.
NEW YORK (CNNMoney.com) -- Economic growth slowed to the weakest pace in more than three years in the third quarter, as the government's main gauge of the strength of the U.S. economy came in much lower than analysts had forecast.
Gross domestic product, the broadest measure of the nation's economy, grew at a annual 1.6 percent rate in the quarter, the Commerce Department said, down from the 2.6 percent rate in the second quarter.
http://money.cnn.com/2006/10/27/news/economy/gdp/index.htm?cnn=yes
Ok, I'm not good with economics so some explanation would be helpful. How is it that the DOW is booming, but the GDP is so low?