Friday, March 29, AD 2024 5:05am

Economy Roaring Back

 

 

  • U.S. GDP accelerated at a 33.1% annualized pace in the third quarter, the Commerce Department reported.
  • That was better than the 32% estimate from a Dow Jones economist survey.
  • A surge in business and residential investment along with stronger consumer activity helped the economy after its worst-ever quarter in Q2.

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John F. Kennedy
John F. Kennedy
Thursday, October 29, AD 2020 7:08pm

It funny, during the Trump Administration, the news broadcasts always reports economic news as “unexpectedly good”. During the Obama years, it was always “unexpectedly worse than anticipated.”

John F. Kennedy
John F. Kennedy
Thursday, October 29, AD 2020 7:09pm

It’s

Art Deco
Art Deco
Friday, October 30, AD 2020 8:28am

We’re about 2/3 of the distance back to baseline, which is good. Let’s hope we have a more targeted response to hospitalizations and deaths than we had last spring. Sweden is the one European country which is not suffering right now.

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