“GDP, adjusted for inflation (“real GDP”), jumped by an annualized rate of 4.9% in Q3 from Q2, following the 2.1% increase in Q2 and the 2.2% increase in Q1, according to the Bureau of Economic Analysis today.”
Analyst Comment: GDP reporting has become very unreliable as the Biden admin is deliberately skewing GDP and employment figures to make the economy appear stronger. This is evidenced by the recent divergence in GDP and GNI numbers, where historically they are very closely correlated.