US GDP Soars By A Record 33.1% In Q3, Smashing Expectations

What goes down, must come up, and one quarter after US GDP collapsed by a record 31.4% annualized, moments ago the BEA reported that in Q3 the US economy rebounded by a similarly record high 33.1%, the biggest annualized increase in history.

And while on a Y/Y basis the rebound was not nearly as impressive, with the US economy still showing a 2.9% decline compared to a year ago following trillions in stimulus…

… one can be certain that Trump will parade with this “blockbuster” number for the next 4 days.