29 April 2021

Generally Favorable Economic News

H/t Calculated Risk for the graph pr0n
First, initial jobless claims fell to 553,000 last week.

This is definitely a good trend.

Also, US GDP grew at a blistering 6.4% annual rate in the last quarter. (See the graph)

Yes, this is unequivocally good news. 

It's getting tough to be pessimistic.

We are still down from where we started though.


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