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TopicUS stock market hits NEW RECORD. Trump making US economy great again!
INTERWEBUSER
08/18/20 4:35:49 PM
#1:


Its only a hair above the 3,386 record from exactly 6 months ago, but it goes to show how quickly the economy has rebounded.

  • Consumer spending (retail sales) has surpassed February highs. Consumers drive two-thirds of the US economy.
  • The extremely accurate Atlanta GDP forecast is now forecasting growth of 26% annualized in the 3rd quarter, the best in nearly a century (source: frbatlanta.org)
  • Despite the headline unemployment rate of 10%, narrower measures of unemployment such as U1 that exclude temporary furloughs, are only around 5% (source: bls.gov)
  • Economists have regarded the post-financial meltdown recovery as the slowest ever from a modern recession. In contrast, economists have said the current recovery is thus far the fastest in US history. (source: brookings.edu)

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