US Economy Serves Up Predictably Huge GDP Print. But Does Anyone Care?

The US economy expanded at a record pace in the third quarter, the first read on Q3 GDP showed. At 33.1%, the headline print was ahead of estimates which called for a ~32% annualized gain. The previous record was 16.7%, notched some 70 years ago. The dramatic rebound was expected. The report captures a three-month period during which the world's largest economy attempted to reopen and reorient after the truly catastrophic collapseĀ  that accompanied the pandemic lockdowns. Consumers and busine

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