3% GDP

Despite it’s length and the exorbitance of asset purchases by quasi-government agencies, this recovery is becoming harder and harder to poke holes into. All of the usual indicators point to health, notwithstanding asset levitation.

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As shown above, this is the first time since Q3 of 2014 that real GDP as risen above 3% in two consecutive quarters-on a QOQ basis. Unlike the prior feat, this is not coming off a negative GDP read. On an even brighter note, this GDP number was fueled by personal consumption spending which may mean the average Joe is feeling a bit more confident in their lot.

 

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