Economic Council Director Larry Kudlow Discusses Q3 GDP and Indicators for Q4…

Posted originally on The Conservative tree House on October 29, 2020 by sundance

National Economic Council Director, Larry Kudlow, discusses the third-quarter economic GDP result and the indicators for the fourth quarter.  Kudlow nails this one with a blend of empirical economic data and industrial manufacturing ground reports.

Keep in mind today’s excellent GDP growth result was despite a big part of the U.S. economy intentionally being kept closed by blue state politicians as part of a COVID weaponization strategy.  Additionally, the travel, hotel and hospitality sector is severely hampered…. yet the overall economy is booming despite that. [See previous post]

The inventory factor is a big part of the predictive value for the fourth quarter, and hearkens back to my earlier notation about this holiday season being short of products to meet a retail consumer demand (buy early). Also, tip bigly those workers within the hospitality industry that are working; create an organic infusion of relief money.

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