Economists remain wary because the figure comes as the country is still entering this time of rising coronavirus cases and the economy has not entirely healed. So lets begin with these new numbers. Do you acknowledge these record gains follow record losses . Larry of course i do. The pandemic contraction because of the shut ins last spring generated a very heavy economic toll. Very heavy. You have a 33 increase, annualized increase in the third quarter. Thats a record. I want to go underneath the hood here because i think this is a selfsustaining recovery. The numbers are gargantuan. I am going to read them off. You have Consumer Spending up 41 , housing up 59 , Business Investment in equipment up 70 and automobile production up almost 1200 . My take is this this is selfsustaining. It is going to spill over into the Current Quarter and next year, policies permitting. But the one missing link and a lot of people have not talked about this, you are going to get a big inventory rebuild. I
The ground it lost during the first half of the year, during this pandemic. That many economists remain wary. Because the figure comes as a country still entering the period of rising coronavirus cases. And the economy is not entirely healed. So lets begin with these new numbers. Do you acknowledge that these record gains follow record losses . Well of course i do. The pandemic contraction because of the shut ins last winter and spring. It generated a very heavy economic toll. Very happy. Now outlook, you have a 33 increase, annualized increase in the third quarter. That is a record. And i want to go underneath the hood here. Because i think this is a selfsustaining recovery. The numbers are gargantuan. I will read them off. You have Consumer Spending of 41 , housing up 59 . This is investment and equipment up 70 . An automobile production up almost 12 100 . So my take, robert, is this. This is selfsustaining. It is going to spill over into the Current Quarter and into next year. Polic
Friday schools will remain open but otherwise people will be allowed out of their houses for only a limited number of reasons for an hour a day frances military has begun moving critically ill patients from regions where hospitals are at their limit. Democratic president ial nominee joe biden has voted in his home state of delaware he joined more than 74000000 other americans including his rival donald trump who have cast their ballots ahead of election day next tuesday the number of early voters already represents more than half of the entire turnout in the 2016 election. This is d w news from berlin follow us on twitter and instagram d w news or visit our website w dot com. Core. Germany was able to flatten the coronavirus curve in april it will have to do it again in november beginning next monday a partial lockdown will take effect in all of germany for weeks so no dining out no Domestic Travel and no nightlife a november of shutdowns and shut ins that will hopefully shut out the f
Friday schools will remain open but otherwise people will be allowed out of their houses for only a limited number of reasons for an hour a day frances military has begun moving critically ill patients from regions where hospitals are at their limit. Democratic president ial nominee joe biden has voted in his home state of delaware he joined more than 74000000 other americans including his rival donald trump who have cast their ballots ahead of election day next tuesday the number of early voters already represents more than half of the entire turnout in the 2016 election. This is d w news from berlin follow us on twitter and instagram d w news or a visit our website w dot com. Core. Porn. Germany was able to flatten the coronavirus curve in april it will have to do it again in november beginning next monday a partial lockdown will take effect in all of germany 4 weeks of no dining out no Domestic Travel and no nightlife a november of shutdowns and shut ins that will hopefully shut out
Among among call has announced new lockdown measures for his country they can in friday schools will remain open but otherwise people will be allowed out of their houses for only a limited number of reasons for an hour a day frances military has begun moving critically ill patients from regions where hospitals are at their limit. Democratic president ial nominee joe biden has voted in his home state of delaware he joined more than 74000000 other americans including his rival donald trump who have cast their ballots ahead of election day next tuesday the number of early voters already represents more than half of the entire turnout in the 2016 election. This is d. W. News from berlin follow us on twitter and instagram d w news or visit our website w dot com. Or. Germany was able to flatten the coronavirus curve in april it will have to do it again in november beginning next monday a partial lockdown will take effect in all of germany for weeks so no dining out no Domestic Travel and no