US Q3 GDP Soars To 33.1%, Personal Consumption Soars 40.7% (Dow Futures Down, Drops 142 Pts On Opening)

I have been writing about soaring Q3 US GDP following the Atlanta Fed’s GDPNow and NY Fed’s Nowcast GDP trackers, so it is no surprise that Q3 US GDP checked in at 33.1% after falling -31.4% in Q2.

Personal consumption rose 40.7%. Now that is a big surge!

Has the Covid Curse been lifted?

The Dow Mini futures is down after the GDP announcement.

And the Dow dropped -142 points on opening.

At least M2 Money Velocity has increased.

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