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]
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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.
“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.”
I was sitting here eating while others were watching local CBS news on WIVB, 5:30-6 pm. Anchor Jacquie Walker was interviewing Buffalo, NY Mayor Byron Brown.
He was saying no matter who was elected had to “step up” and help local municipalities out because he said it was the federal government’s fault for these local budget shortfalls.
Instead of placing the blame where it belongs, he said he is voting for Biden/Harris.
Well of course he has to say that. He will not get any demonrat party support in the next election if he does not.
I think PDJT has won the public opinion, on Dems are blocking another relief package, cause they are insisting on compendating poorly run Dem states and cities.
People are agreeing, and signifying it by voting with their feet. Nanzi loses to “The Donald” on the PR front, one again.
“DRAT that Trump!”
How can anyone even think of voting against these results? This is the economy we voted for in 2016 and will vote to keep again in 2020!
How can anyone even think of voting against these results?the same people who voted twice for Obama, Bill the rapist deserter ,liar Clinton,the same people who voted for Hillary.Like Mencken used to say never underestimate the stupidity of the American populace.They also love the corruption.
Sundance, etal,
Thank you for the information that you provide for us.
Being an old fossil, I am assuming that the hospitality industry includes restaurants. Since you mentioned the tipping part have tried to tip larger than previously, also have attempted to leave a secondary tip to all of the staff currently working. Which runs between two and six people, a nice small family enterprise. Not patting myself on the back, Just Thank you for bringing it to my attention. Have been known to be pretty dense at times.??
The town I keep waking up in amazes me! The people here think $1.00 (one dollar) (ONE lousy dollar!) is a generous tip! They’re horrified when I put down a five, I’ve actually had them pick my tip up and hand it back to me! “That’s too much! They’ll come to expect it.”
So, I put down the regulation dolla, then make sure I’m the last one to leave the table…..YEESH!
You need new friends ?
2.5 million workers furloughed, in March, haven’t been able to get their jobs back.
The economy has been growing the same as before, ‘and’ during the bio-weapon attack.
Schools are still out and the state of NC is still on lockdown. Traffic in Charlotte is as busy as any standard work day during school. A lot of mainstreet got keep work unlike 2008. The growth was already baked in, and hasn’t stopped.The Presidents stimulus was huge. But with Blue Governors and Nancy Pelosi, millions of Americans working in March don’t have work and no relief.
It is a crime to humanity.
Blame blue governors and China
It’s interesting , you mentioning that Alex.
Gov. Roy Cooper of NC and the Chinese communist party have had a long friend ship.
They have funded his campaign, they had Christmas Dinner together.
This gentleman has been here for decades.
Scary.
dbob- I was down in Manhattan the other day on business for the first time in months and could not believe what I saw. The place is a total disaster, much worse than it ever was back in the 1970s and 1980s.
There are so many restaurants, eateries and businesses that have closed, it was really shocking. Almost all of the vendors I’ve been dealing with for the past 20 years are gone from their storefronts with no sign of where they went.
The traffic situation is appalling too- on many streets there is only one lane of traffic. They have bike lanes and bikes in one lane and sometimes a restaurant shed out in the street. There’s lots of gridlock because of trucks trying to make deliveries.
Add to that the mask madness. Everyone outdoors was wearing a muzzle, now up to their eyeballs. The city feels like some kind of emergency or war zone with all these zombies walking around.
This is all due to DelAssholio and Killer Cuomo who both belong in Super Max prison.
Thanks for the report. This makes me so sad. We left that cesspool a few months ago but had really planned to be back by now. Fall is my absolute favorite time of year there. I probably won’t recognize it when we go back, whenever that is. I understand if you fly in to NYC you are contact-traced. No thanks. And it just sounds too depressing ☹ Never would have thought that city could fall so hard so fast. Imagine, that would be the entire country under Biden, I mean Harris.
Lady- I know that you are a New Yorker of sorts as I read your posts. I too am a native Manhattanite who spent many years living there mostly in the bad times.
I have never seen anything like what’s going on there today. The scaffolding on the buildings have become hangouts for the dregs of humanity and thugs. No cops in sight anywhere.
Sadly, I don’t see a Giuliani waiting in the wings to rescue NYC. Maybe that Staten Island artist who is a PDJT supporter, he’s been making noise about running for Mayor.
https://www.foxnews.com/us/pro-trump-artist-scott-lobaido-nyc-mayor-bill-de-blasio
Seneca, how could any American accept that as normal.
The cancer of tyranny has started in Charlotte, NC., They finally got rid of a Democrat (white) sheriff of the county, that encompasses the city in 2018. He was a good Sheriff. Every year since, murders and violent crime has exploded. Downtown Charlotte used to be a vibrant place. It has been a ghost town, even before the WooHan. The economy in NC, went crazy after PDJT was elected. Roy Cooper’s China backed lockdown, has brought cold Anger to it’s peak here. We like our individual freedom in the Southeast.
The bio-weapon attack, may have strengthened the fire wall against the enemy.
I think Tuesday is going to spell that out, in R-E-D.
dbob- we all hope and pray that there will be a massive blowout for our President Trump and all MAGA candidates.
I would like to emphasize a couple of things from the great economic data and Larry Kudlow’s news segment.
America is STILL America.
People yearn to live their life free from government, local and federal, interference. For instance – you lock us down and make cities unbearable Kill Boxes where even dedicated urban dwellers have seen the light.
Long before the CV started to ebb,in the news cycle people have already determined the best way to deal with it was to vote with their feet. MOVE away from those cities and states. That is why housing is booming. Suburbanites are moving even further away from the liberal coastan enclaves and sometimes into the boonies.
What do you need for your new life away from the power-hungry Democrat SocialistCommies? You need a freaking car and you, later on, you need a gun. Everyone knows cities are going to do jacksh@t to protect your property, life, let alone your business.
See the USA in a Chevrolet they used to say.
Even if a person is so TDS-infected and media/SocialMedia brainwashed they don’t vote for Trump – they understand this and are ACTING on it. This trend is not going away.
If Minnesota is in play; I think Joe has bigger problems than Minnesota. I think that the secret Trump voters will shock everyone. When has there ever been a time when people were being attacked for wearing a political hat? Some won’t admit supporting Trump even to their own family. I suspect the black vote twill actually be higher than even the exit polls show. It will be how did he win? I don’t know anyone who voted for him. I predict a sad night for the Main Stream Media Jackals.
sorry, wrong topic
Actually, it’s related; the Super Vee recovery is another manifestation of the Anti-(D)Rat rebellion already in progress…
How’s that TRADE deficit coming along, Larry? largest since 2006…not to mention the current account deficit. We’re lucky the dollar hasn’t collapsed (yet).
Okay Doomer….