Posted on 09/22/2020 2:36:27 PM PDT by Mount Athos
The Atlanta Fed models the forward GDP for the 3rd quarter. It's current estimate comes in at 32%. That is up from 31.7% yesterday.
In their own words:
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2020 is 32.0 percent on September 17, up from 31.7 percent on September 16. After this morning's housing starts report from the U.S. Census Bureau, the nowcast of third-quarter real residential investment growth increased from 39.3 percent to 46.1 percent.
Although quite impressive, the New York Fed forecasted model shows something much different. There most recent estimate from Friday sees 3rd quarter GDP at 15.63%. That's a big spread as models tried to make sense given the sharp decline in the 2nd quarter and rebound in the 3rd quarter. In other words, take these reports with a grain of salt.
How will it get reported under Trump?
The media are public relations for the Democrats, they are not journalists
ripped from ace of spades
32%? 15%? annual growth rate.
Wouldn’t that be some kind of historical record for the US economy?
Whether 15% or 32%, it will be the biggest quarterly gdp growth quarter in history. Probably somewhere in between.
The money line in the article is that the gdp growth quarter will be announced October 29, a full week before the election. Should give a nice boost to Trump’s campaign.
Time to rise up against these Commie Rat pieces-o-Shiite. They deserve to be hunted down like dogs for what they have put this country through!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Game set match Mr Trump and his Republican Americans.
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