English: President Barack Obama's signature on the health insurance reform bill at the White House, March 23, 2010. The President signed the bill with 22 different pens. (Photo credit: Wikipedia)
The United States’ gross domestic product soared 5 percent in the third quarter, the Commerce Department said on Dec. 23, 2014. It was the fastest pace of growth in over 11 years.
Investors seemed to cheer the news. The Dow Jones soared to a new record, crossing 18,000 for the first time. Standard & Poor’s 500-stock index also hit a record high.
“[T]he economy has been great this year,” said Dan Greenhaus, chief global strategist at BTIG.
Judging by the headline numbers, the economy appears to have improved in 2014.
But all is not as it appears.