Already have an account? log in
This article is FREE for you
Create a free account and join institutional investors, analysts and strategists from the world's largest banks
By submitting your email address you agree to receive communication by email
US Economy Grew Rapidly Ahead Of Shutdown
The US economy expanded at a -- get this -- 4.3% clip in Q3, according to government data released o
OR, subscribe now for unlimited access
By submitting your email address you agree to receive communication by email
By submitting your email address you agree to receive communication by email
I no longer put much weight on the “net exports” component of GDP. It has become so volatile with tariffs front-running and things that are basically financial trading. Such as gold. Net exports increased $100BN from year-ago, how much of that is gold? Non-monetary gold net exports was -$66BN in 1Q, +$30BN in 2Q, so it can be a significant factor.
In the not so distant past, our Dear Leaders friends in Beijing bought gold from US warehouses to pump up US exports and so please the US.
Could be the same Math used for CPI…?