The American Winship Goes On and On


The economy expanded at its fastest pace in more than a decade during the spring and summer, showing the U.S. has strengthened its economic footing despite increasing global uncertainty.

Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a seasonally adjusted annual rate of 3.9% in the third quarter, the Commerce Department said Tuesday.

The upward revision from a first estimate of 3.5% put the combined growth rate in the second and third quarters at 4.25%, affirming the best six-month pace since the second half of 2003. The output figures are inflation adjusted.

This Thanksgiving, I’m thinking about the economy and the improvement that now seems to be picking up speed. I’m thinking about the fact that stocks and 401(k) balances are all-time highs, unemployment is rapidly dropping toward decade-lows and innovation is exploding everywhere I look. I’m thinking about how fortunate we are to live in a country that reinvents itself for every generation – even though the transition period always looks bleak while we’re trudging through it. I’m thinking about the fact that, all things considered, the American capitalist system is still the envy of the world.

My blog turned six this month. I’m really fortunate that each year my audience has grown and readers have stuck with me. I’m proud that I’ve been able to influence people’s thinking in some small way and to have been a constructive voice when so many others were offering noise, pessimism and deliberate confusion in the guise of advice. I’m glad that I’ve met a thousand amazing people through my work here that I never would have crossed paths with otherwise. I’m grateful for my partners and clients and colleagues and friends.

The nation is healing. It hasn’t been easy and it hasn’t always been fair. There’s been plenty of room for dissent about this solution or that. The medicine was unconventional, controversial and slow to take effect, but it’s now undeniably producing the desired effect. Our economy and capital markets are starting to roar again. Participation throughout various regions and economic strata has thus far been uneven, but that’s beginning to change. I’m thankful for the opportunity to benefit from the comeback, the chance to contribute to it and to be a part of a country that I believe is the greatest sociological experiment in the history of mankind.

The American Winship goes on and on.

Happy Thanksgiving to everyone who’s pulling their weight and serving as a force for growth. Your efforts will not go unrewarded.


This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here:

Please see disclosures here.

What's been said:

Discussions found on the web
  1. sell dumps online commented on Nov 20

    … [Trackback]

    […] There you can find 43970 more Info on that Topic: […]

  2. togel hk commented on Dec 01

    … [Trackback]

    […] Read More here on that Topic: […]

  3. modern warfare exploit commented on Dec 14

    … [Trackback]

    […] Information to that Topic: […]

  4. cbd for anxiety stress commented on Jan 02

    … [Trackback]

    […] Read More Information here to that Topic: […]

  5. CI CD commented on Jan 15

    … [Trackback]

    […] Info on that Topic: […]

  6. What is digital transformation commented on Jan 18

    … [Trackback]

    […] Read More Information here to that Topic: […]

  7. bmo online banking commented on Jan 26

    … [Trackback]

    […] Information on that Topic: […]

  8. our website commented on Feb 02

    … [Trackback]

    […] Find More to that Topic: […]