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Third Estimate of 2nd Quarter GDP & Revisions From 2019 to Present
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Real PCE Goods Computed from Retail Sales Implies a 68 Basis Point Boost to Q4 GDP
Global oil production was 1,680,000 barrels per day less than demand in October
Retail Sales Fell 1.0% in March, but PCE Goods Still Adds 167 Basis Points to Q1 GDP
4th Quarter GDP Grew at 2.9% Rate on Increased Inventories, Personal Services, and Government
US Trade Deficit fell 21% in November, but is Still a Big Hit to 4th Quarter GDP
US oil supplies at a 36½ year low, SPR at a 39 year low; oil+products supplies at an 18½ year low
Third Estimate of 2nd Quarter GDP & Revisions From 2017 to Present
Do you think Covid is "Over"?