U.S. GDP Growth
This from senior energy analyst Robert Rapier on the graph below:
GDP is one of the most important economic indicators. This measures the monetary value of all the stuff a country makes in a year. It is also used to determine recession (two consecutive quarters of GDP declines). It is not the only important indicator, but it is a big one, and it says the U.S. is outperforming other major developed economies.
In a related matter, Americans are more confident in the U.S. economy than they have been in two years.
I’m sure Biden and his advisors are wondering why they can’t get a break in the polls; maybe this is the news voters have been waiting for.
Somebody ought to take a look at:
1.) what the areas ae that most people are groaning about;
2.) compare the profit being made – not the margins – of those areas.
I haven’t seen anything on this anywhere.