US Q3 Real GDP At 1.8% YoY, GDP Price Index Falls To 4.1% YoY As M2 Money Crashes Most In History (UST 10yr – 3mo Yield Curve Inverts) Heating Oil UP 162% Under Biden

by confoundedinterest17

US Q3 GDP numbers are out and they are … meh. Only Biden and Karine Jean-Pierre would cheer about 1.8% real GDP growth. At least real GDP growth wasn’t negative!

Real GDP rose 2.6% after -0.6% in Q2 and 1.8% YoY. But the most interesting data bit is the GDP Price Index. It fell to 4.1% in Q3 down from a whopping 9.0% in Q2.

But wait! Also declining at a stall speed is M2 Money.

And brace yourself for a cold winter. Heating oil is UP 162% under Biden.