http://www.reuters.com/article/bondsNews/idUSWBT00784120071031?rpc=401&WASHINGTON, Oct 31 (Reuters) - The U.S. economy has proven resilient in the face of a housing market downturn, thanks to a strong job market and growth in exports, White House economic adviser Edward Lazear said on Wednesday.
"The economy is incredibly resilient," Lazear said in an interview on CNBC after the Commerce Department reported that the U.S. economy grew at a faster-than-expected 3.9 percent annual rate in the third quarter.
"We've obviously been suffering through a very weak housing market. This is a very good sign," he said.
Incredible, indeed. :rofl:
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