Economy growing better than economists had expected just a few weeks ago

The economy may escape sub-2% growth in the final two quarters of the year, thanks to a third quarter GDP revision from the government and a string of better fourth quarter economic reports.Better-than-expected business investment is signaling that the business spending and manufacturing slowdown may be close to bottoming and that it should help growth in the final quarter of the year.

Economists are watching to see if October's business investment rebound is signaling that the slowdown in spending and manufacturing could be coming to an end. "The largest contribution to the revision came from yesterday's October international trade report, which showed a surprisingly large narrowing of the trade deficit," the J.P. Morgan economists wrote. "But there was also good news in today's October durable goods report, which indicated some improvement in business capital spending, a category that has been weak for much of the year."to $66.5 billion, down 5.7%, as both imports and exports declined in October.

However, consumer spending which has been the main pillar of the economy seems to be moderating after October real consumption increased by just 0.1%, the smallest gain since February.

Since mid-Sept., the Federal Reserve has been injecting liquidity into the banking system through repos and, subsequently, purchases of T-bills. The running total so far is over a $trillion. You pump that much electricity into a corpse, and it will dance like it's still alive.

This is the face of tremendous headwinds about the coming economic apocalypse being endlessly projected by the Democrats and media. Still able to rise above it all. Think of what the numbers would be if not for all the negativity aimed to harm Americans just so Trump will lose.

But it's not sustainable!

Companies will over pay for labor and everything to keep getting those tax breaks from the orange idiot. When he gets kicked out of office they r back to paying money and not going free

At this time I do not believe we are living in fake times🙏🏼

Dow Jones 2020

Yoo... what?! Y’all just posted on IG about the incoming crash... 🙃👀

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