Q3 GDP: US economic activity rose at a record 33.1% annualized pace after pandemic-induced slump
U.S. economic activity surged at a record clip for the July through September period, as an initial easing of virus-related lockdowns allowed business activity to return after a historic slump.
Good news that makes literally zero sense. This number basically means we have almost completely recovered economically, but how? Inflation, stimulus, CPI......none of it should be enough to overcome blue state shutdowns and oil volume being 60% below last year with lower prices. Something doesn't add up.
