5% GDP growth in the third quarter hasn't been revised down -- congrats, America!

American flag womanREUTERS/Mike BlakeA country music fan cools off in the wind on the second day of the Stagecoach country music festival in Indio, California April 26, 2014.

We did it!

The Bureau of Economic Analysis released its second estimate of real GDP growth for the fourth quarter. It was 2.2% on an annualized basis. That’s pretty “meh.”

The bigger deal, though, is that the BEA’s third quarter estimate was unrevised. We’re now pretty sure that the economy grew at 5% over the summer. We could be just a hop, skip, and a jump away from boom times.

Congrats!

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