GDP grew 33.1 % in Q3 2020

[eenerms]

Hey I wear a mask! You guys would complain if you were hung with a new rope.

[running_coach]

@eenerms

Hey I wear a mask! You guys would complain if you were hung with a new rope. -

New ropes aren’t broken in and they chafe something fierce.

[Roderick_Femm]

@running_coach

That nicely balances out the 2nd quarter drop of 31.7%

Here is an interesting graph that shows the three quarters so far: 1st quarter, down 5% annualized, second quarter, down 31.4% annualized, third quarter, up 33.1% annualized, If my math is correct, that’s a -1.1% for the year so far. Still, it’s a nice recovery from -18.35% annualized, through the second quarter. It’s a crap shoot how fourth quarter is going to be, with Covid going nuts in some areas again.

[Little_Nemo]

@eenerms

It’s all rainbows and unicorns here!

As in running the spectrum from insubstantial to imaginary.

[bobot]

@k9bfriender

Hopefully, making up for the losses that we are still seeing will not take too long, and we can continue the growth in our economy that had been, starting in late 2009 and up until this year, the longest uninterrupted growth in the history of our country.

Thanks, Obama! I mean, really.

[bobot]

Trump has a plan, see? Undo everything Obama helped create, including the booming economy.

[Ruken]

@Roderick_Femm

Here is an interesting graph that shows the three quarters so far: 1st quarter, down 5% annualized, second quarter, down 31.4% annualized, third quarter, up 33.1% annualized, If my math is correct, that’s a -1.1% for the year so far. Still, it’s a nice recovery from -18.35% annualized, through the second quarter. It’s a crap shoot how fourth quarter is going to be, with Covid going nuts in some areas again.

Nominal GDP for 2020Q3 was down 1.9% from 2020Q1 and 2.7% from 2019Q4. Real* GDP was down 2.2% and 3.5%, respectively.

*ETA Chained, seasonally adjusted

[Whack-a-Mole]

@bobot

Trump has a plan, see? Undo everything Obama helped create, including the booming economy.

What comes around, goes around:

• New York attorney general working on list of Trump initiatives for Biden to reverse