2nd Qtr GDP

GDP ‘3rd’ estimate was released this morning.  One paragraph i found most interesting:  “The acceleration in real GDP growth in the second quarter reflected accelerations in PCE, exports, federal government spending, and state and local government spending, as well as a smaller decrease in residential fixed investment. These movements were partly offset by a downturn in private inventory investment and a deceleration in nonresidential fixed investment. Imports decreased after increasing in the first quarter.”

I bolded the points i focused on.  Government spending was a key catalyst in the figures – debt spending in great degree (?)

Full report is here:  https://www.bea.gov/news/2018/gross-domestic-product-2nd-quarter-2018-third-estimate-corporate-profits-2nd-quarter-2018

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