Economy Even Grew Faster

The nation's growth was even more torrid in the third quarter than previously estimated, the government reported earlier this week, while a new survey of consumer confidence suggested that growth should remain strong next year. The Commerce Department raised its estimate for growth for the quarter from an annual rate of 7.2 percent - already the fastest rate in nearly two decades - by a full percentage point, to 8.2 percent.

Ok, that's great, but can we sustain that level of growth? Not for long. What's happening here? It's called "catch-up growth," and it happens every time we pull out of a downturn. It won't last for long, but we should position out communities and regions for this growth burst while we have it.

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