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I’ve hesitated to say this at the risk of sounding hyperbolic, but with last week’s big GDP revisions, there is no denying it: This is among the best performing economies in my 35+ years as an economist. Economic growth is rip-roaring, with real GDP up 3% over the past year.…
— Mark Zandi (@Markzandi) September 29, 2024
Remember the “technical recession” (two quarters of negative G.D.P. growth) in early 2022? Turns out it never happened.
Annual revisions now show output grew slightly in Q2 2022, and that growth coming out of the pandemic was faster than previously believed.… pic.twitter.com/lflDbE6piC— Ben Casselman (@bencasselman) September 26, 2024
S&P 500 sector performance doesn’t have any pattern regardless what political party occupies the White House. pic.twitter.com/NCG4OtKV0k
— Eric Soda (@EricSoda) September 25, 2024
Elderly man purchased a signed Taylor Swift guitar for $4,000 at a live auction and immediately smashed it with a hammer. pic.twitter.com/y2AQt4Yfso
— Pop Crave (@PopCrave) September 30, 2024
Meta CEO Mark Zuckerberg predicts smart glasses will replace phones by 2030
” Smart glasses are going to become the next major computing platform.
They will gradually replace phones by 2030, much like mobile devices surpassed computers without fully replacing them ” pic.twitter.com/81qrSndgCP
— Haider. (@slow_developer) September 29, 2024
Average Monthly Mortgage Payment for a New Buyer of a $500,000 House is Declining: (Chart from ECAN<GO>) *Fixed the legend labels pic.twitter.com/sPIMZoQ4Kr
— Michael McDonough (@M_McDonough) September 24, 2024
$RDFN Redfin Reports Asking Rents for New Apartments Drop 6% to Lowest Level Since 2022, as Finished Buildings Soar – Asking rents dropped at the same time new apartment completions rose to the highest level in at least 12 years
— CtheLightTrading (@canuck2usa) September 26, 2024
Really good thread about the reality of the consumer vs the confidence surveys.
—Since markets want to move on these reports, a quick tl:dr about them.
The Conference Board (orange) released its consumer confidence results yesterday. The University of Michigan consumer… https://t.co/zoM7QmW483 pic.twitter.com/fvWhoNhOwp
— Jim Bianco (@biancoresearch) September 25, 2024
Good chart depicting Amazon’s moat in logistics. pic.twitter.com/FscOynjnhZ
— Mostly Borrowed Ideas (@borrowed_ideas) September 21, 2024
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