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Mirage Recovery: What ‘Record’ GDP Growth Tells Us About the Economy
The Department of Commerce’s new report shows 33.1% annualized GDP growth in Q3, but does this really tell us much about the state of the economy?
Updated Sep 14, 2021, 10:25 a.m. Published Oct 29, 2020, 7:00 p.m.
The Department of Commerce’s new report shows 33.1% annualized GDP growth in Q3, but does this really tell us much about the state of the economy?
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This episode is sponsored by Crypto.com, Nexo.io and Elliptic.
Today on the Brief:
- FTX launches equities trading
- Avanti gets Wyoming bank charter
- France locks down and ECB intimates new stimulus
Our main discussion: GDP growth report
The Department of Commerce released its Q3 GDP numbers. Touted as record growth, this is actually a much more complicated story. In this episode, NLW breaks down what the numbers tell us and what they don’t, and why we should be more focused on understanding long-term consumer behavior shifts than short-term numbers.
See also: The ‘Everything Crash’ Is Coming? Markets Go Risk-Off as European Stocks See Worst Day in 5 Months
For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
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