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Mirage Recovery: What ‘Record’ GDP Growth Tells Us About the Economy

Mirage Recovery: What ‘Record’ GDP Growth Tells Us About the Economy

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...

The Breakdown

October 30, 202013m 19s

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Show Notes

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.